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SM malls to start selling vehicle, travel, dengue insurance

The SM group has opened up its vast shopping mall network nationwide to be a pioneering sales platform for insurance products, beginning with the simplest ones that required relatively small premium payments like compulsory third party liability (CTPL), travel and dengue insurance. Eventually, the plan is to offer protection products even for pets, motorcycles and, […]

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Insurers open to MMDA plea

Non-life insurers are open to recognizing the traffic investigation reports of Metropolitan Manila Development Authority (MMDA) personnel but only if other government agencies, including courts, will finally accept these for claims payments. In a recent interview, Philippine Insurers and Reinsurers Association chair Michael F. Rellosa said that non-life insurance companies did not have a problem […]

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One way to ease traffic: Accept our reports, MMDA tells insurance firms

The Metropolitan Manila Development Authority (MMDA) recently asked the Insurance Commission to call on insurance companies to recognize its traffic investigation reports in order to ease road congestion after accidents. This was on top of the Japan International Cooperation Agency’s (Jica) proposed five medium-term solutions to the capital’s traffic woes. Jica estimated that the country […]

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Commission warns LTO vs car insurance monopoly

THE INSURANCE Commission has again urged the Land Transportation Office (LTO) to address the concerns of non-life industry players that a recent LTO order on the mandatory insurance for vehicle owners would result in a monopoly and job losses. Deputy Insurance Commissioner Dorothy M. Calimag, in a Nov. 24 letter to LTO chief Alfonso Tan, […]

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Is car insurance a necessity?

Question: My wife and I just bought our first car and we need help choosing the right car insurance. Is the basic CPTL insurance offered by the LTO enough? Or is it worth buying a comprehensive car insurance? If we choose the latter, what are the things we should be looking out for? –John Santos […]

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Motoring trends 2015: Acts of God insurance coverage swells to 60-70%

THE motoring community—including its insurance sector—learned a valuable lesson as a series of typhoons and other natural calamities hit the country and whipped up a storm of people who wanted to get their cars covered. Figures from the Philippine Insurers and Reinsurers Association (Pira) showed that the number of vehicles insured against Acts of God […]

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Sep 20, 2017

One of 2017’s biggest automotive surprises is the Mahinda Xylo E8. Bear with me and please don’t think this

Sep 13, 2017

The other day, my girlfriend and I were having lunch, and our discussion went to our husbands and their