Life sector spurs 20% growth in insurance industry’s 2019 income

THE INSURANCE INDUSTRY’S total net income booked double-digit growth in 2019 buoyed by a spike in the life insurance sector’s net profit. In a statement on Tuesday, Insurance Commissioner Dennis B. Funa said net income of the insurance industry jumped 20.38% to P45.12 billion last year from P37.48 billion in 2018. Mr. Funa said the […]