Insurance penetration improved to 1.78% in 2025, as insurers paid 121.9bn pesos (approx. US$2.08bn) in life benefits and sector assets climbed past 2 trillion pesos.
The Insurance Commission has also activated dedicated assistance channels in Cebu and Manila, aiming to streamline access to insurance services for those affected.
Insurance Commission increases CMVLI limits for third-party liability, death indemnity, and no-fault indemnity — while stipulating rates set in 2006 are to remain.
