The Insurance Commission (IC) of the Philippines is set to issue the Guidelines on the Licensing of Health Maintenance Organizations (HMOs) by the end of this month. “We have drafted…
The Supreme Court (SC) of the Philippines has denied a petition for review filed by Prudentialife Plans Inc (PPI) and its planholders, assailing the decision and resolution of the Court…
By December 31, 2016, all existing insurance companies in the Philippines are required to increase their minimum net worth from P250 million (US$5.3 million) to P550 million. Five months before…
The Insurance Commission (IC) is ratcheting up its effort in advancing the protection of the insuring public as one of the regulator’s key initiatives. Following the adoption of IC Circular…
