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Philippines tag returned 105 results

  • Philippines: Regulator allows insurers up to 1 Jan 2023 to comply with IFRS 17

    The Insurance Commission (IC) has postponed by another year to 2023 the implementation of new financial reporting standards for life and non-life insurers to give them more time to comply.

    Asia | 23 Jan 2019
  • Philippine microfinance firm hit by data breach

    Cebuana Lhuiller, a Philippines-based firm providing pawnshop, microinsurance and other financial services, was hit by a data breach which affected the personal information of around 900,000 customers.

    AIRPlus | 22 Jan 2019
  • Philippines: Insurers want more business channels with higher minimum capital

    Local general insurers are confident about being able to meet the PHP900m ($17m) minimum net worth requirement by the end of this year, and are asking to be allowed more avenues in which to conduct business with the higher capital.

    Asia | 22 Jan 2019
  • Philippines: Some insurers may fail to meet next minimum net worth deadline

    A number of insurance companies are struggling to cope with the challenge of complying with regulatory capitalisation standards. Insurers are required to have a minimum net worth of PHP900m ($17m) by the end of this year.

    Asia | 21 Jan 2019
  • Philippines: Govt places parametric insurance policy

    The Philippines has successfully placed on the international market its parametric insurance policy with a maximum cover of PHP20.49bn ($391m) to provide quick liquidity to national and local governments, the Bureau of the Treasury has said.

    Asia | 09 Jan 2019
  • Philippines: Joint venture launches insurance portal

    MyEG Philippines, the country's top one-stop provider of e-government automation solutions and payment services, has launched the MyEG Insurance portal, bringing Filipinos fast and hassle-free access to a diverse range of insurance coverage from the country's leading insurers.

    Asia | 08 Jan 2019
  • Philippines: Top court dismisses case against higher tax rates on non-life insurers

    The Supreme Court has upheld the legality of the Bureau of Internal Revenue's (BIR) move to impose higher tax rates on non-life insurance companies compared to life insurance firms.

    Asia | 06 Dec 2018
  • Philippines: Local government units to be educated on climate change

    The Philippines Climate Change Commission (CCC) and the Development Academy of the Philippines (DAP) have partnered to develop and roll out a course in late 2019 aimed at helping local government units (LGUs) build community resilience against climate change, reported the Philippines News Agency.

    Asia Risk | 28 Nov 2018
  • Philippines: Govt looking at national system to evaluate risks

    The Philippine government is keen to create a national system where various state entities, down to local government units (LGUs), can rely on a rational structure to evaluate risks and access resources for risk protection and management through a public asset insurance programme, said Finance Secretary Carlos Dominguez III.

    Asia Risk | 28 Nov 2018
  • Philippines: Govt eyes national risk evaluation & management system

    The Philippine government wants to create a national system where various state entities, down to local government units (LGUs), can rely on a rational structure to evaluate risks and access resources for risk protection and management through a public asset insurance programme, Finance Secretary Carlos Dominguez III has said.

    Asia | 23 Nov 2018


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