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The insurance industry marked a new record year in terms of premium income and contributions.

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                    [Title] => APEC lauds Philippine Competition Act
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The Asia Pacific Economic Cooperation (APEC) has lauded the Philippines’ Competition Act as this created a level playing field and offered more opportunities for micro-, small and medium enterprises (MSMEs).

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                    [Title] => Insurance Commission forecasts record P250-B premium income for insurers
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The Insurance Commission (IC) expects the industry’s total premium income this year to surpass the record P198 billion in 2013 to hit a new all-time high of P250 billion.

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                    [Title] => Life insurers’ premium income falls 7.8% to P157.8B in 2014
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The country’s life insurance industry reported P157.8 billion in total premium income last year, 7.81 percent lower than the P171 billion recorded in 2013, based on initial data released by the Insurance Commission (IC).

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abtest

Insurers expect record year for premium income in 2015

By Ted P. Torres | January 31, 2016 - 9:00am

The Insurance Commission (IC) expects total premium income of the insurance industry to reach P300 billion in 2015, a 29-percent increase over the record P233 billion in 2014.

Business

Balisacan seeks IRR of Philippine Competition Act

By Ted P. Torres | January 31, 2016 - 9:00am

Newly-designated Philippine Competition Commission (PCC) chairman Arsenio M. Balisacan is working on the implementing rules and regulations (IRR) of Republic Act 10667, or the Philippine Competition Act, signed into...

Business

NEDA to integrate global framework in strategic plans

By Ted P. Torres | January 29, 2016 - 9:00am

The National Economic and Development Authority (NEDA) wants to ensure that a framework encompassing the global 17 Sustainable Development Goals (SDG) and the country’s Medium Term Plan (MTP) and Philippine...

Business

Insurers mark banner year

By Ted P. Torres | January 26, 2016 - 9:00am

The insurance industry marked a new record year in terms of premium income and contributions.

Business

APEC lauds Philippine Competition Act

By Ted P. Torres | September 6, 2015 - 10:00am

The Asia Pacific Economic Cooperation (APEC) has lauded the Philippines’ Competition Act as this created a level playing field and offered more opportunities for micro-, small and medium enterprises (MSME...

Business

Insurance Commission forecasts record P250-B premium income for insurers

By Ted P. Torres | July 30, 2015 - 10:00am

The Insurance Commission (IC) expects the industry’s total premium income this year to surpass the record P198 billion in 2013 to hit a new all-time high of P250 billion.

Business

Life insurers’ premium income falls 7.8% to P157.8B in 2014

By Ted P. Torres | February 15, 2015 - 12:00am

The country’s life insurance industry reported P157.8 billion in total premium income last year, 7.81 percent lower than the P171 billion recorded in 2013, based on initial data released by the Insurance Commission...

Business

2015 premium income outlook bullish

By Ted P. Torres | December 23, 2014 - 12:00am

The Insurance Commission (IC) is confident that the country’s insurance industry could hit a record P200 billion in 2015.

Banking

IC sells former Prudential Plans property in BGC for P402 M

By Ted P. Torres | December 21, 2014 - 12:00am

The Insurance Commission (IC) has sold a foreclosed property owned by the shuttered Prudential Plans Inc. (PPI), the biggest sale since the Government Service Insurance System (GSIS) sold a 1,600-square meter property...

Business

Phl leads East Asia in microinsurance

By Ted P. Torres | November 25, 2014 - 12:00am

Roughly 27.96 million Filipinos had microinsurance coverage in 2013, among the highest in the East Asian region, according to the Insurance Commission (IC).

Banking