(Re)insurance industry facing losses of hundreds of millions in both China and Vietnam, but economic losses in the billions will far outstrip payouts, highlighting the significant regional protection...
Typhoon Yagi triggered deadly floods and landslides in the Philippines, leaving 15 dead and 21 missing, and causing millions of USD in agricultural losses.
The Insurance Commission’s new guidelines require insurers to undergo regular risk assessments at least every two years, to strengthen anti-money laundering and counter-terrorism efforts.
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.
As part of the company’s 11th anniversary celebration, the company announced grants to provide support and financial education in local communities across Asia.
