GSIS records P6.8-B non-life insurance premiums in 2022

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The Government Service Insurance System (GSIS) has recorded a P6.8 billion gross premiums written (GPW) in its non-life insurance business for 2022.

According to the GSIS on Monday, this was the highest recorded by the agency. It was 15% higher from the P5.9 billion in 2021.

The GSIS also recorded a 33% or P1 billion increase in its net premium written in 2022 or P4 billion from the P3 billion in 2021. Veloso, as well as the concerned teams, had launched a nationwide aggressive campaign and "tripled GSIS’s efforts in marketing its non-life insurance products."

 

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