Insurers’ Q2 COVID-19 payouts hit P1.18 billion

TOTAL PAYOUTS made by insurance providers for claims related to the coronavirus disease 2019 (COVID-19) pandemic reached P1.18 billion in the second quarter, the Insurance Commission (IC) reported on Thursday. Results of a survey by the IC for the April-to-June period showed life insurers made COVID-19-related payouts worth P877.3 million, which made up 74% of […]