• Tue. Sep 20th, 2022

The Insurance Commission celebrates its 73rd anniversary

ByChad J. Johnson

Apr 10, 2022

THE Insurance Commission (IC) celebrated its 73rd founding anniversary on April 1, 2022 at the Philippine International Convention Center in Pasay City.

Fortune Life Insurance Co., represented by its Executive Vice President Emma M. Abad, and consulting actuary Evelyn T. Carada, participated in the event, along with other insurers and distinguished guests. The theme for this year’s celebration was “Ignite and Conquer: Transforming Uncertainties, Creating Opportunities and Embracing Best Practices”.

At the event, recent notable accomplishments of the Insurance Commission under the leadership of Insurance Commissioner Dennis B. Funa were highlighted, including the award for the “Programme to Institutionalize Meritocracy and Management Excellence Human Resources (PRIME-HRM)” for two consecutive years. by the Public Service Commission (2019 and 2022); and the coveted ISO 9001:2015 Quality Management System (QMS) recertification. Additionally, IC’s Accounting Division received the Hall of Fame Award from the Association of Government Accountants of the Philippines Inc. and was selected as one of the “Outstanding Accounting Firms” for the third consecutive year by the Audit Commission (COA).

In his special message, Commissioner Funa underlined that “adaptation and innovation are the weapons we have used to fight the adverse effects of the pandemic and meet the challenges. It was indeed a tough fight but it was one that we won triumphantly. Despite the setbacks the pandemic has brought, our insurance and allied communities have remained resilient. He also expressed his gratitude for all the support given to him by Secretary of Finance Carlos G. Dominguez III, guest of honor at the event.

IC remains committed to developing regulations and policies to protect the public interest and improve its digital platforms to provide faster and better service to our fellow Filipinos.