The Philippines’ Insurance Commission (IC) collected PHP87.72m (approx. US$1.45m) in fines and penalties in 2025, 86.21% higher than the 2024 total, reflecting intensified enforcement and tighter oversight of regulated entities, the body said in a 31 March press release.
The IC did not detail the key issues driving growth, but stressed the importance of industry supervision.
“Effective supervision helps ensure that the industry operates with accountability and transparency, and when companies comply and consumers are protected, public confidence in insurance grows,” Commissioner Reynaldo Regalado said in a statement.
The IC also noted that, despite the rise in fines, the Philippine insurance sector remained resilient, with premium collections and product sales exceeding PHP502bn in 2025, indicating rising public trust and demand, as compliance supports stability and improves consumer protection outcomes, according to the regulator.
Total assets for the industry rose 7.93%, and invested assets increasing 8.01%. Growth extended to adjacent segments, as pre-need companies posted an 8.19% increase in total assets and health maintenance organisations recorded a stronger 17.34% rise.
