Philippines insurance industry to grow throughout next year

December 9, 2013December 7, 2013 G. Turner

SunLife predicts that the sector will keep up its expansion throughout 2014 to continue the trend. According to the top SunLife Financial executive in the Philippines insurance industry, that sector will be continuing its solid growth throughout 2014, following four consecutive years in which that was already the case. The announcement was made as a part of a broader statement regarding the firm’s predictions. According to Riza Mantaring, the chief executive and president of SunLife in the region, it is not easy to be able to maintain such a considerable…

Insurance industry is seeing heightened East Asian typhoon activity

November 14, 2013November 12, 2013 Julie Campbell

2017 atlantic hurricane season Insurance industry

Munich Re has warned that this part of the world is experiencing a growing number of violent storms. The insurance industry is recognizing a changing weather trend in East Asia, where the number of typhoons and other highly destructive, violent storms are becoming an increasingly common occurrence. The insured losses over the last thirty years in that region have passed the $6 billion mark. These costs to the insurance industry have come primarily from floods and typhoons. However, over recent years, it has become clear that this is likely to…

Insurance industry in the Philippines shows promising growth

April 30, 2013April 29, 2013 Dan

First quarter provides momentum to insurance industry The global insurance industry has shown some promise during the beginning of 2013. The industry, as a whole, has been struggling to overcome the challenges it faced over the past few years, many of which came at the hands of unexpectedly powerful natural disasters. In the Philippines, new reports from Emmanuel F. Dooc, Insurance Commissioner of the Philippines, suggest that the first quarter of 2013 was very beneficial for the country’s insurance industry. Commissioner Dooc provided his report to a recent United Nations…