Life insurance sales grow in 2020 amid pandemic

MANILA, Philippiines—Despite the pandemic-induced recession, life insurers’ sales grew by 5.9 percent to P247.7 billion in 2020, according to the Insurance Commission (IC) on Tuesday (April 20). In a statement, the regulator said the life insurance sector’s premium income in 2020 rose from P233.9 billion in 2019. “Of this increase, changes to variable life insurance […]