INSURANCE INDUSTRY LUMAGO

INIULAT ng Insurance Commission (IC) ang 24.27 porsiyentong paglago ng insurance industry para sa first half ng taon, kung saan nagtala ang lahat ng insurance sectors ng double-digit growth pagdating sa premium income sa end-June ngayong taon.

Ayon kay Insurance Commissioner Dennis B. Funa, ang premium income ng insurance industry ay pumalo sa P145.76 billion mula Enero hanggang Hunyo ngayong taon, mula sa P117.29 billion na naitala sa kaparehong panahon noong 2017.

“All sectors of the insurance industry—the life insurance sector, non-life insurance sector, and mutual benefit associations [MBAs]—posted double-digit growth in terms of premium income at end-June this year,” sabi ni Funa.

Ang premium income ng life insurance sector ay tumaas ng 27.92 percent sa P116.14 billion sa unang anim na buwan ng taon mula sa P90.79 billion sa kahalintulad na panahon noong 2017.

“While the factors that may affect the outlook for the industry in the second half of this year are largely linked to the health of the country’s economy, our outlook is very positive taking into account the all-time record year in 2017 and double-digit growth in first quarter of this year. With the continued upward trajectory in our statistics, we can say that we have achieved a lot, but there is more to be done,” ani Funa.

“The growth for the life insurance sector was brought about by the remarkable increase in the sales of variable life products which posted an incline of 35.91 percent to P88.45 from P65.08 billion year-on-year,” dagdag pa niya. REA CU