Microinsurance premium collections up 17.35% in ’23

Microinsurance providers posted higher premium collections in 2023, as more Filipinos sought affordable protection plans especially amid growing threats from climate change. Total premiums collected under microinsurance policies amounted to P13.54 billion last year, a 17.35-percent increase from the amount generated in 2022, the Insurance Commission (IC) reported. The IC attributed the performance to “across-the-board”
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