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Insurance regulator signs free legal aid agreement with bar association
The Insurance Commission (IC) and the Integrated Bar of the Philippines (IBP), the national organisation of lawyers, have signed an...
May 9, 20241 min read
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Insurance industry to adopt new Financial Reporting Standards WEF 1 Jan 2025
The Philippine Insurance Commission (IC) has issued a circular, mandating insurance and reinsurance companies to adopt Philippine...
Mar 20, 20241 min read
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Regulator considers incentives to boost microinsurance business
The Insurance Commission (IC) is planning to grant incentives to new microinsurance players to boost financial inclusion in the...
Feb 22, 20241 min read
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Regulator increases death benefit in mandatory motor insurance
The lnsurance Commission (IC) has revised the death indemnity limit for third-party liability for all Compulsory Motor Vehicle Liability...
Feb 14, 20242 min read
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Regulator and actuaries to conduct first morbidity study to evaluate rates and reserve valuations
The Insurance Commission (IC) and the Actuarial Society of the Philippines (ASP) have agreed to conduct the country's first industry-wide...
Feb 13, 20241 min read
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Vietnam joins ASEAN Compulsory Motor Insurance system
Vietnam has joined the ASEAN Compulsory Motor Insurance (ACMI) system, which requires motor vehicle owners from other ASEAN member states...
Nov 21, 20232 min read
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Insurance penetration stays low despite higher premiums
The Insurance Commission (IC) has expressed optimism that the country's insurance density and penetration would improve on the back of...
Aug 15, 20231 min read
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Insurers challenged by slowing economies and volatile markets
Slowing economies could weigh on Asia Pacific insurers' growth, says S&P Global Ratings in a new report. However, rising risk awareness...
Aug 4, 20231 min read
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