philippine news

Feb 8, 20091

Protect women — CHR

by Joel dela Torre
from People’s Journal

MARKING the United Nations Day for Women and International Peace today, the Commission on Human Rights called on government to improve protection and programs for the rights of women.

The CHR said … Read the rest

Nov 11, 20080

Is the insurance sector in trouble? II

Honesto General
Philippine Daily Inquirer

Read part 1

IN THE FACE of this worldwide financial meltdown, a life insurance company has to grapple with its own unique problems.

If you own a factory with a heavy loan on it, and … Read the rest

Aug 1, 20080

Pre-need plan sales contract 21% in H1

Zinnia B. Dela Peña
Philippine Star

Amid a difficult environment marked by soaring prices of gas and food, the country’s pre-need industry reported a 21.4 percent drop in sales in the first six months of the year to P7.8 billion … Read the rest

Aug 1, 20080

Life insurance premiums jump 34% to P74 B in 2007

Ted P. Torres
Philippine Star

Total premium collections registered by the country’s life insurance industry in 2007 reached P74.125 billion, up 34 percent from P55.3 billion in 2006.

Based on official figures released by the Insurance Commission recently, Philippine American … Read the rest

Jul 17, 20080

GSIS bares names of car insurance cartel

Manila Times

The chief of the state pension fund named companies that allegedly compose a cartel in a sector of the country’s insurance industry.

Winston Garcia, the president and general manager of Government Service Insurance System, or GSIS, on Wednesday … Read the rest

Jun 9, 20082

Pre-need shakeup looms, says SEC

Likha C. Cuevas-Miel
Manila Times

FACED with a tough economic environment and lingering public ill will caused by the failure of some of its big players, the pre-need industry may suffer a further shakeup, with some companies likely to fold … Read the rest

Feb 19, 20080

Retain RBC, junk capital hike – PLIA

Philippine Star

The country’s life insurers want the retention of the risk-based capital (RBC) framework but insists that the networth capital build-up formula be suspended.

The Philippine Life Insurance Association (PLIA) argues that majority of the 26-licensed life insurers have … Read the rest

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