Latest news with #InsuranceCommission
West Australian
3 days ago
- Automotive
- West Australian
Soccer teams help spread road safety message with donation of Belt Up balls
An important road safety message was behind the donation of new soccer balls to Kalgoorlie-Boulder clubs at the weekend. Football West, in partnership with the Insurance Commission, handed out 20 balls to each of the six clubs in town for the annual Belt Up road safety campaign. This campaign aims to increase public awareness about the importance of drivers and passengers wearing seatbelts to minimise the risk of injury from serious motor accidents. Football West Goldfields participation officer Sam Tester said it was an important message for locals young and old to keep fresh in their minds. 'Road safety is incredibly important and everyone needs to know they should be wearing a seat belt any time they are driving in the car,' she said. 'We have a lot of juniors here who will one day get their licence and it's important they have that message, and it's good to remind the seniors as well. 'It was great to see everyone kicking the Belt Up balls around on the weekend and ensuring the message was spread to hopefully help save anyone from potential road tragedies.' Kalgoorlie MP Ali Kent was at the Goldfields Oasis playing fields on Saturday during the junior soccer games to help hand out the balls and spread the message.
Filipino Times
23-03-2025
- Business
- Filipino Times
Insurance Commission to issue regulations allowing OFWs to purchase protection plans abroad
The Insurance Commission (IC) aims to release new regulations this year, enabling overseas Filipino workers (OFWs) to purchase protection plans while working abroad. These long-awaited rules, which were initially expected last year, have faced several delays but are now closer to being finalized. IC Commissioner Reynaldo Regalado shared that the commission is still in discussions with the Department of Migrant Workers (DMW) to finalize the regulations. A significant point of focus is the implementation of Republic Act No. 12021, or the Magna Carta of Filipino Seafarers, which mandates adequate insurance coverage for Filipino seafarers. Regalado assured that efforts are underway to ensure the law's effective implementation. Currently, IC Circular Letter No. 2020-109 restricts local insurers from selling protection plans to clients abroad, limiting OFWs to purchasing insurance only when they are physically in the Philippines. This restriction has left many OFWs without adequate social protection while abroad. The insurance industry sees potential in expanding to the OFW market, with remittances reaching $2.92 billion in January 2025. The upcoming regulations will help set appropriate pricing for life insurance products, considering the varied risks faced by OFWs depending on their job and host country.
