The Insurance Commission (IC) sees the insurance industry sustaining its growth this year after its premium income rose by 2.76 percent in the first nine months of 2019.

“Barring external issues, I continue to be confident about the performance of the industry because the basics are undisturbed, and fundamentals are okay,” Insurance Commissioner Dennis Funa told reporters on the sidelines of his agency’s 71st anniversary celebration at the Philippine International Convention Center in Pasay City on Tuesday.