Banking & Insurance
InLife sells HMO, sharpens core focus
Insular Life (InLife) has completed the sale of its shareholdings in iCare HMO to Singapore-based Value-Based Health Care PF Pte. Ltd. (VBHC), marking a decisive step in the insurer’s long-term strategy to streamline operations and double down on its core strengths. The transaction remains subject to regulatory approval.
ATRAM Trust, UnionBank Trust units complete merger
ATRAM Trust Corporation (ATC) has completed its merger with UnionBank Investment Management and Trust Corporation (UBIMTC) after securing approvals from the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission.
Security Bank opens five new branches, expands network to 377
Security Bank Corporation ended 2025 by opening five new branches in December, bringing its total number of branches nationwide to 377. The expansion highlights the bank’s push to make banking services more accessible to more Filipinos.
Veem, Coins.ph push borders apart
Veem and Coins.ph are doubling down on a partnership that aims to make cross-border payments to the Philippines faster, cheaper, and easier—an increasingly critical need as global hiring and outsourcing continue to surge.
Takaful market in PH small but growing as insurers push wider use
The P9 billion-odd market for takaful, or Islamic insurance, remains small in the Philippines but is slowly gaining ground as insurers step up efforts to widen awareness and use, particularly in Mindanao.
