Tag: 2019

2019 Non-Life Insurance Ranking

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Insurance companies in the Philippines are always exerting their best efforts in providing the appropriate and best insurance coverage for their clients. Everyone must always be ready for get themselves ensured since it helps them to significantly lessen their burden in cases of unexpected events such as accidents and loss of properties. In case you’re planning to invest on a house, a car, or a property that might cost you…

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Non-Life Insurance Companies Merge to Meet Capital Requirement

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Non-Life Insurance Companies Merge to Meet Capital Requirement

More and more non-life insurance firms today are starting to conduct merger talks in order to comply with the minimum capital requirement expected to be implemented by the end of 2019. As it was stated in the Republic Act No. 10607, insurance companies must augment their net worth from P550 million to 900 million by the end of 2019. This will be even increased to a whopping P1.3 billion by…

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