Insurance in the Philippines

Philippines World Class Products and Services Directory - Philippine Online Shopping and eStore Services


Philippines Insurance | Non-Life Insurance | Life Insurance

Philippines Buyers Guide Philippines Insurance


How to: Guide on Visa Requirements in Philippines? Learn from EXPAT MANUAL today


Insurance in the Philippines

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or preexisting relationship.

The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the insured for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risk, especially if the primary insurer deems the risk too large for it to carry.

The Insurance Commission is a government agency under the Department of Finance. The Commission supervises and regulates the operations of life and non-life companies, mutual benefit associations, and trusts for charitable uses. It issues licenses to insurance agents, general agents, resident agents, underwriters, brokers, adjusters and actuaries. It has also the authority to suspend or revoke such licenses.

Insurace Code of the Philippines


Insurance and Risk Protection:

“Pick a leader who is strong and confident, yet humble. Intelligent, but not sly. A leader who encourages diversity, not racism. One who understands the needs of the farmer, the teacher, the welder, the doctor, and the environmentalist -- not only the banker, the oil tycoon, the weapons developer, or the insurance and pharmaceutical lobbyist.”
― Suzy Kassem, Rise Up and Salute the Sun: The Writings of Suzy Kassem

Money & Investments:

A nickel aint worth a dime anymore. --Yogi Berra

Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one. --Benjamin Franklin

Wealth and Riches:

Without continual growth and progress, such words as improvement, achievement, and success have no meaning. --Benjamin Franklin

If plan A fails, remember there are 25 more letters. --Chris Guillebeau


Philippines Buyers Guide Philippines Insurance


Philippines Insurance | Non-Life Insurance | Life Insurance



Featured World Class Philippine Made Products and Services

Banks in the Philippines
Philippines Banks

Insurance in the Philippines
Philippines Insurance

Boracay Regency Beach Resort
Boracay Regency

Lorenzo South
Lorenzo South

Costabella Tropical Beach Resort
Costabella Tropical Beach Resort *AAA
Holiday Plaza Hotel
Holiday Plaza Hotel
Maribago Bluewater Beach Resort
Maribago Bluewater Beach Resort *AAA
Richmond Plaza Hotel
Richmond Plaza Hotel

News and Articles...

Online Travel Agency Philippines - Online Business Partners - Online Travel Agency Benefits - Online Travel Agent ways to EARNTravel Business Package Inclusions , Starter Travel AgencyDealer Travel AgencyBusiness Travel Agency



FIVE SIMPLE WAYS TO FINANCIAL INDEPENDENCE, by: Pauline Uchi, Licensed Financial Consultant
1. PAY YOURSELF FIRST. Save a portion of ALL you make. Follow this simple formula: Income – Savings = Expense
2.START EARLY. Don’t wait until next month or next year. Start saving now and turn pocket change into riches. Remember that a little goes a long way.
3.DO Steps 1 & 2 for a long time, letting the power of time and compounding work for you.
4.LEAVE YOUR SAVINGS/INVESTMENT ALONE.
5.TAKE ACTION – START NOW!
More...

PhilBuyersGuide.com is a business website that features Philippines world class products and services. We are building communities of business owners and marketers for the benefits of consumers.

The main objective of the site are the following:
1.) For Business Owners : to drive more customers or expand the marketing efforts to improve business' revenues.
2.) For Marketers : to get more contacts of suppliers and market it to its friends, relatives and connections.
3.) For Customers : more selection of products and services available in Philippines. Surprise your loved ones by sending them gifts, gift certificates or vouchers.

PhilBuyersGuide.com offers every individual the opportunity to start their own e-business or evolve their existing business and enjoy the financial benefits of Internet economy.

Pure Organic Barley Philippines - Pure Organic Barley Asia  - Pure Organic Barley Middle East - Pure Organic Barley International 
“Our health care focus should begin on the farm and in well being, and not in laboratories of the biotech or pharmaceutical companies.”


Africa Travel Tips - Asia Travel Tips - Europe & UK Travel Tips - Middle East Travel Tips - Island Travels

Maintained by: Dotnet Business Online Inc.