Banking & Insurance
PFI Group surpasses ₱100 billion in total claims paid
Philippines First Insurance Group (PFI Group), a leading insurance and healthcare conglomerate, has paid out over ₱100 billion in claims, serving as a critical financial safety net for more than 4.5 million policyholders. Reaching this milestone coincides with the 120th anniversary of its core brand, PhilFirst, and highlights the group’s long-standing role in the national economy alongside its subsidiaries PhilLife, PhilCare, and PhilPlans.
Land Bank drops fees on online government payments
State-run Land Bank of the Philippines is eliminating convenience fees on select online government payments until the end of 2026, a move aimed at lowering transaction costs for Filipinos while accelerating the shift toward digital public services.
InLife revenue jumps as Generali deal pays off
Insular Life (InLife) delivered a strong top-line performance last year, with revenues surging to P36 billion as the insurer reaped gains from higher premium collections and the integration of Generali Philippines, now operating as InLife Benefits.
Strong demand steadies T-bill yields amid inflation worries
Treasury bill yields were mixed at Monday’s auction as robust investor demand helped temper the impact of mounting inflation concerns on short-term government debt.
Insurance sector seen posting 9% annual expansion to 2035
Analysts at Allianz Research projects the Philippine insurance market growing 9.2 percent annually over 10 years to 2035—outpacing the country’s nominal GDP growth forecast of 8.1%.
