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...

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The insurance industry in the Philippines raked in a net income of PHP22.4bn ($393.5m) in the second quarter of 2023, 4.23% higher than...