Overview
- Congress approved the measure disallowing VAT credits on claim indemnities from 2025 onward, with publication pending in the 2026 Miscelánea Fiscal in the Official Gazette.
- AMIS says pricing for 2026 will be set company by company rather than through an industry-wide move.
- Specialists estimate premiums could rise by up to about 16% next year as firms adjust to higher effective costs.
- A temporary fiscal stimulus lets insurers pay 2025 obligations in installments during 2026 without fines, surcharges or interest.
- Sector data show roughly 8% real growth in 2025, with January–September premiums near 770,212 million pesos and payouts of 414,187 million after a year of costly storms.