Life insurance is a particularly effective risk management tool for Filipinos, given the unique socioeconomic challenges and cultural values that characterize the Philippines. Here are several reasons that illustrate why life insurance is especially important for Filipino families. In the Philippines, there is a strong cultural emphasis on family and community support. It is common for a single income earner to support multiple family members, including children, spouses and often extended family such as parents and siblings. Life insurance ens ...
The geopolitical landscape is constantly shifting and with every movement, the world feels the tensions as countries balance their actions and reactions to mitigate the risks and/or take advantage of opportunities. Factors such as international crises, environmental and climate stress, economic conditions or changing alliances can trigger geopolitical shifts and the resulting dynamics, risk resilience and the agility of the government to quickly adapt will be critical determinants of success or failure. ...
Digital health insurance startup Hive Health has raised $6.5 million in a financing round led by Sy family-backed Gentree Fund, allowing it to expand its network of health-care providers and cover more small and medium enterprises (SMEs). “The fresh funds will help us grow our superstar mission-driven team, and invest in our technology platform and operations to further elevate the patient and employer experience,” Hive Health’s chief executive and cofounder Camille Ang said in a statement. ...
Pioneer Insurance has recently partnered with DOON as its official insurance provider. DOON is a peer-to-peer car sharing company that pulls together a network of car owners so they can rent out their vehicles to anyone in need of short-term car service. As DOON’s official insurer, Pioneer provides comprehensive coverage for every car booking which benefits both the car owner and the renter. The conventional comprehensive motor insurance policy offers one-year coverage and does not include vehicles used in rent-a-car business. ...
Learn about the factors that can affect the costs of business insurance and find out how to lower costs on coverages for your small business.
, CoverWallet, NEXT (Best), Thimble ; Per occurrence limit, $1,000,000, $1,000,000, $1,000,000/$2,000,000 ; Aggregate limit, $2,000,000, $1,000,000/$2,000,000, $1,000,000/$2,000,000 ; Products and completed operations aggregate limit, $2,000,000, $1,000,000, $1,000,000
Tonik Financial Pte. Ltd. is acquiring a financial technology (fintech) platform providing financial services to company employees in a bid to expand its portfolio. In a statement on Friday, the parent company of Tonik Digital Bank Inc. said it had entered into an agreement with Tendo Payment Solutions Pte. Ltd. to buy its local business operating under the name of “TendoPay.” · The deal is still subject to the approval of relevant regulators. “Tonik’s acquisition of TendoPay is a testament of our passion for accelerating financial and ...
Small business insurance costs depend on many factors; every policy serves a different risk-protection purpose. Learn about small business insurance costs.
MANILA -The government is being urged to regulate the container deposit system of international shipping lines, with stakeholders noting these private companies take time to return the collected fees. ; Danny Sta. Maria, an independent customs broker and an industry veteran of 50 years, urged lawmakers to craft laws regulating the practice and compel these companies to speed up the refund process. ; International shipping lines collect these as insurance for lost or damaged containers. Deposits range from P15,000 to P20,000 per unit, depending on the size. ; “In my case, my deposits have been stagnant on their hands for four staggering months,” Sta. Maria said, noting this messes up their cash flows.
purposes for which it was designed and created, and not cost efficient and does not generate... of business,” the GCG said. As mandated under Republic Act No. 10149 or the GOCC Governance...