The Insurance Commission of the Philippines reports strong growth in both life and non-life segments, though the industry has also seen a surge in claims.
The insurer reported growth in revenue and earnings, with new business growth and price adjustments contributing to the positive results so far this year.
Malic (left) joins as National General Liability Manager and Ferraro (right) as General Liability Underwriter, following the MGA's recent launch of its public and products liability line of business.
Conduct issues still lead to complaints, but complaints are down YoY, with a comparison of data from the first half of 2024 revealing a further downward trend.
