Philippines: Rising demand for protection pushes insurance premiums past new milestone in 2025

Published on February 13, 2026
The total premiums of the Philippine insurance industry breached the PHP500bn ($8.6bn) mark in 2025, driven by consumers' increasing focus on long-term protection despite economic uncertainties.
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Cyber insurance rates decline despite surge in claims: Lockton

February 12, 2026
Cyber insurance premiums have fallen despite an increase in cyber incidents and rising claims, marking a “rare divergence between underlying risk and insurance pricing,” according to a recent report from insurance broking group Lockton.During the 12 months ending August, organisations experienced a 129% increase in ‘nationally significant’ cyber security incidents, according to the National Cyber

AF Group promotes Mike Valiante to President, Commercial Markets

February 13, 2026
Insurer AF Group has promoted Mike Valiante, who joined the firm in 2011 as Director of Field Operations for AF Group’s Third Coast Underwriters brand, to the role of President of Commercial Markets,After joining the firm in 2011, Valiante was promoted to Vice President in 2013, and was in charge of business development, underwriting, and data and analytics.In 2020, he led the Business Development