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

As part of its initiative to ensure that only approved products are offered to the public, the Filippino insurance regulator, the...

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On March 11 2025, the Insurance Commission (IC) and the National Privacy Commission (NPC) issued Joint Advisory No 2025-001, or...