Number of Filipinos covered by microinsurance drops to 46.97 million in Q1

MANILA, Philippines — Overall sales of microinsurance grew 16.3 percent year-on-year to P2.31 billion in the first quarter, but a decline in the non-life sector’s premiums amid harder times due to the pandemic reduced the number of Filipinos covered by these affordable products to 46.97 million. Insurance Commission (IC) data on Friday showed that total […]