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Atty. Dennis B. Funa

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Atty. Dennis B. Funa is the current Insurance Commissioner. Atty. Funa was appointed by President Rodrigo R. Duterte as the new Insurance Commissioner in December 2016.
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AXA’s Global Health Access

AXA Insurance’s Global Health Access (GHA) is a yearly renewable health product with HMO-like features. It was launched in 2016. Certain features would qualify it as a non-insurance product. It lies in the gray area, where...

Philippine Machinery Management Services Corporation

The Philippine Machinery Management Services Corp. (PMMSC) or also known as ‘the “MacPool”) is an insurance pool that is dedicated to offering Construction and Engineering Insurance. This insurance pool...

The GeoRisk Philippines initiative

GeoRisk Philippines is a government-led multi-agency initiative to serve as the central resource of information on natural hazards and risk assessment. The project is formally known as the “Geospatial Information Management &...

Extended warranty is insurance

When a consumer buys a product, it usually comes with a manufacturer’s or retailer’s warranty which is a written guarantee, issued to the purchaser of an article by its manufacturer, promising to...

Directors and Officers Liability Insurance

Directors and Officers Liability Insurance (D&O) is a liability insurance that covers “individual directors and officers (D&Os), for loss arising from claims against them for which they are not indemnified by the...

Mobile digital health and insurance

IT was not a long time ago when the term “life insurance” would be associated with death. The negative connotation made sales of insurance a difficult proposition, and insurance agents were met...

Mutual microinsurance as instruments of sustainable development

A study was published by the University of Cambridge—Institute for Sustainability Leadership (CISL) in June 2019 on the impact of mutual microinsurance on Sustainable Development Goals (SDG) in the backdrop of Super...

Digital currency distinguished from virtual currency

IN Circular Letter 2020-70, the Insurance Commission encouraged the use of digital payments in insurance transactions. But how do we distinguish digital currencies, which is legal tender, from virtual currencies which is...
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