The Philippines' Insurance Commission (IC) recorded a near 90% increase in its fines and penalties collection in 2025, with the agency attributing the rise to intensified efforts to enforce compliance and strengthen oversight of regulated entities. The IC collected a total of PHP87.72m ($1.47m) in fines and penalties last year, representing an 86.21% increase from 2024. Despite stricter enforcement, the Philippine insurance industry sustained its expansion, with total assets

In a circular letter, the Insurance Commission (IC), the regulator of the Philippines, ordered all insurance companies and related entities to undertake the following measures whenever a state of calamity is declared in the country: Expedite the processing approval, and payment of claims for damage attributable to said disasters, including relaxation of company procedures and documentary requirements. Extend the period for submitting claim notices and other required documents

The Asian Development Bank (ADB) has approved a $400m policy-based loan to support reforms aimed at raising the efficiency of the Philippines' insurance industry, creating an enabling environment for broader participation in the sector, and helping stimulate stronger economic growth. The Insurance Reform Program, Subprogram 1 supports broader financial sector development reforms in regulation and supervision, including greater intermediation of long-term credit for governme

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