MANILA, Philippines — Islamic banks and banking units are now covered by the Philippine Deposit Insurance Corp. (PDIC), ensuring that depositors are protected even if these banks close or go ...

MANILA, Philippines — Money kept by Islamic banks and Islamic banking units is now protected by the Philippine deposit insurance system, helping inspire confidence in the local Islamic banking ...

the Insurance Commission. “During the next 12 months, we expect Philippine’s non-life insurance market to continue its growth, driven by the country’s economic development and increasing ...

Federal Deposit Insurance Corp. acting Chair Travis Hill on Tuesday suggested the agency consider changing how it calculates the Deposit Insurance Fund's reserve ratio. Hill, in comments at the FDIC's ...

MANILA, Philippines — The Philippine insurance industry continued ... Latest data from the Insurance Commission (IC) showed the industry-wide net income went up by 7.09 percent year-on-year ...

AM Best’s Susan Tan, senior financial analyst, will speak at the Philippine Insurance Summit to be held 20 May 2025, in Makati City, Philippines. Tan is a Singapore-based analyst for AM Best and ...

Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), Christopher Boadi Mensah, has been sworn-in as Chairman of the Board of the National Insurance Commission (NIC).

The Federal Deposit Insurance Corp., which manages the fund by levying assessments on banks, is required by law to ensure the pool of money meets a reserve ratio of at least 1.35%. At the end of ...

Union Bank of India has launched a ‘Wellness Deposit’ specifically for retail customers by integrating health insurance with a term deposit product. The scheme, which aims to promote both ...

President Ferdinand "Bongbong" Marcos Jr.'s order for his alter egos and other secretary-ranked members of his administration ...