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Non-life insurance companies are taking legal action against the Land Transportation Office (LTO) for issuing a circular deemed to form an “insurance cartel.”

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                    [Title] => DOF wants insurance to grow into a P4-T industry
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The Department of Finance wants the local insurance industry to grow at a fast pace and turn into a P4 trillion industry or half of the banking sector’s total resources over the next 10 years.

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                    [Title] => Insurance premiums soar 70% to record P108 B
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Total gross premiums of the country’s insurance industry swelled nearly 70 percent to P108 billion in the first semester of 2013, the highest ever attained despite undergoing consolidation in both the life and non-life sectors.

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                    [Title] => IC forms task force to streamline Insurance Code
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The Insurance Commission (IC) is forming a task force to streamline provisions in the recently passed amendments to the 1974 Insurance Code.

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                    [Title] => Life gross premiums up 81% in H1
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The country’s life insurance industry has recorded a whopping P95.5 billion in gross premium income in the first six months of 2013, for an 81.21-percent growth increase from the P52.7 billion in the same period in 2012.

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                    [Title] => Insurers back Dooc reappointment
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The country’s 78-strong non-life insurance industry are throwing their full support for the reappointment of Insurance Commissioner Emmanuel F. Dooc “once the new insurance code is signed into law.”

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                    [Title] => Dooc resigns
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Insurance Commissioner Emmanuel L. Dooc has filed his irrevocable resignation effective Aug. 16 this year. The Department of Finance (DOF), however, has not released any official statement on his resignation.

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While the general rule is that the insurance proceeds shall be applied exclusively to the proper interest of the person for whose benefit it is made (Section 53, Insurance Code), such person must not however be disqualified by law to receive the proceeds. This is the rule applied in this case.

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The Senate has approved on third and final reading last Monday, a bill amending the 38-year old Insurance Code of the Philippines to regulate and supervise the country’s insurance industry.

                    [DatePublished] => 2013-02-07 00:00:00
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                    [Title] => Insurers urge passage of amendments to Insurance Code
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The country’s insurers are urging Congress to pass the proposed amendments to the 1974 Insurance Code.

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INSURANCE CODE

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Total gross premiums of the country’s insurance industry swelled nearly 70 percent to P108 billion in the first semester of 2013, the highest ever attained despite undergoing consolidation in both the life and non-life sectors.

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The country’s life insurance industry has recorded a whopping P95.5 billion in gross premium income in the first six months of 2013, for an 81.21-percent growth increase from the P52.7 billion in the same period in 2012.

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                    [Title] => Insurers back Dooc reappointment
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                    [Title] => Senate okays bill amending Insurance Code
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The Senate has approved on third and final reading last Monday, a bill amending the 38-year old Insurance Code of the Philippines to regulate and supervise the country’s insurance industry.

                    [DatePublished] => 2013-02-07 00:00:00
                    [ColumnID] => 0
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                    [AuthorName] =>  Christina Mendez
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                    [Title] => Insurers urge passage of amendments to Insurance Code
                    [Summary] => 
The country’s insurers are urging Congress to pass the proposed amendments to the 1974 Insurance Code.

                    [DatePublished] => 2013-01-06 00:00:00
                    [ColumnID] => 0
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abtest

Non-life insurers hauling LTO to court over ‘insurance cartel’

By Ted P. Torres | November 12, 2015 - 9:00am

Non-life insurance companies are taking legal action against the Land Transportation Office (LTO) for issuing a circular deemed to form an “insurance cartel.”

Business

DOF wants insurance to grow into a P4-T industry

By Zinnia B. Dela Peña | October 30, 2013 - 12:00am

The Department of Finance wants the local insurance industry to grow at a fast pace and turn into a P4 trillion industry or...

Business

Insurance premiums soar 70% to record P108 B

By Ted P. Torres | October 29, 2013 - 12:00am

Total gross premiums of the country’s insurance industry swelled nearly 70 percent to P108 billion in the first semester of 2013, the highest ever attained despite undergoing consolidation in both the life...

Banking

IC forms task force to streamline Insurance Code

By Ted P. Torres | September 4, 2013 - 12:00am

The Insurance Commission (IC) is forming a task force to streamline provisions in the recently passed amendments to the 1974...

Business

Life gross premiums up 81% in H1

By Ted P. Torres | August 20, 2013 - 12:00am

The country’s life insurance industry has recorded a whopping P95.5 billion in gross premium income in the first six months of 2013, for an 81.21-percent growth increase from the P52.7 billion in the same period...

Banking

Insurers back Dooc reappointment

By Ted P. Torres | August 12, 2013 - 12:00am

The country’s 78-strong non-life insurance industry are throwing their full support for the reappointment of Insurance...

Business

Dooc resigns

By Ted P. Torres | August 6, 2013 - 12:00am

Insurance Commissioner Emmanuel L. Dooc has filed his irrevocable resignation effective Aug. 16 this year. The Department of Finance (DOF), however, has not released any official statement on his resignation.

Banking

Forbidden act

By A LAW EACH DAY (KEEPS TROUBLE AWAY) | By Jose C. Sison | July 25, 2013 - 12:00am

While the general rule is that the insurance proceeds shall be applied exclusively to the proper interest of the person for whose benefit it is made (Section 53, Insurance Code), such person must not however be disqualified...

Opinion

Senate okays bill amending Insurance Code

By Christina Mendez | February 7, 2013 - 12:00am

The Senate has approved on third and final reading last Monday, a bill amending the 38-year old Insurance Code of the Philippines to regulate and supervise the country’s insurance industry.

Business

Insurers urge passage of amendments to Insurance Code

By Ted P. Torres | January 6, 2013 - 12:00am

The country’s insurers are urging Congress to pass the proposed amendments to the 1974 Insurance Code.

Business