TOTAL Covid-19-related claim payouts made by life and non-life insurance companies, health maintenance organizations (HMOs), and mutual benefit associations (MBAs) have reached P16.71 billion since the start of the pandemic until the end of 2021, according to the results of the latest survey conducted by the Insurance Commission.

'The results of the latest IC survey reveal the sustained resilience of our regulated entities against the financial impact of the Covid-19 pandemic. The figures also show a sustained commitment by our regulated entities in addressing the pandemic- related needs of the Filipino people,' Insurance Commissioner Dennis Funa said.