The Insurance Commission has also activated dedicated assistance channels in Cebu and Manila, aiming to streamline access to insurance services for those affected.
Fullerton will provide market insights for Singlife's advisers and customers, while Singlife's network extends Fullerton's reach across B2B and D2C channels.
Having low coverage in the Southeast Asian region presents a major opportunity for policymakers and insurers to strengthen economic security, the study finds
LIC posted a sharp inflow boost after GST relief took effect, while industry growth is being driven by larger ticket sizes amid declining policy counts.
The deal, which is set to be completed in October, covers policy reserves of approx. ¥310bn (US$2.09bn), with Swiss Re retroceding all mortality risk associated with the portfolio
Thailand's health insurers plan to address rising costs by tightening medical price controls, enhancing digital claims, and enforcing itemised billing.
