An aerial view of submerged houses and farm lands with flood waters in Tuguegarao City, Cagayan province, north of Manila, on Nov. 11, 2025, as flood waters inundated homes due to heavy rains brought about by Super Typhoon Fung-wong. Private insurers in the Philippines need to develop more innovative solutions, such as microinsurance offerings, to bridge the country's insurance gap, according to RuralNet CEO Justin Arcenas. Like most territories in Asia, the Philippines has a

Nearly 3m Filipino farmers and fishers are expected to benefit from expanded government-backed insurance coverage following a significant budget increase, the Department of Agriculture (DA) said. Under the 2026 General Appropriations Act, the Philippine Crop Insurance Corp (PCIC) received a PHP6.5bn ($115.8m) allocation, representing a 45% increase from PHP4.5bn in 2025, reported Philippine News Agency. The expanded budget will allow PCIC to insure around 2.93m farmers and fi

Panel discussion at the 2025 National Microinsurance Forum participated in by Hon. Reynaldo Regalado, Dr. Jaime Alip, Mr. Jonathan...

The insurance industry saw its net income soar by 45% to more than PHP14.29bn ($246m) in the first quarter of this year, compared to...

Microinsurance premium contributions grew by 17.35% to PHP13.54bn ($237m) in 2023, according to data released by the Insurance...

The Insurance Commission (IC) has announced that the net income of the insurance industry, comprising life and non-life insurance...

The Insurance Commission (IC) is planning to grant incentives to new microinsurance players to boost financial inclusion in the...

PIRA Executive Director Mitch Rellosa was invited as one of the panelists and reactors to the National Microninsurance Forum 2024 with...