GSIS Invests in World’s First Ever Energy Transition Mechanism.

In photo L-R: RCBC Executive Vice President and Head of Corporate Banking Group Elizabeth Coronel, BPI Senior Vice President and Group Head Barbara Untalan, GSIS PGM Wick Veloso, ACEN President and CEO Eric Francia, InLife Chairperson Nina Aguas, and EPHI President Ronald Goseco.   State pension fund Government Service Insurance System has invested in the world’s first ever Energy Transition Mechanism (ETM) initiative for the South Luzon Thermal Energy Corporation (SLTEC) amounting to Php2.2 billion. The partnership was sealed after GSIS and Ayala-led ACEN signed a memorandum of agreement on Monday, 7 November, at the ACEN headquarters in Makati City....

GSIS pays P41M insurance to PAGASA for weather forecasting equipment damaged by typhoon

The Government Service Insurance System (GSIS) turned over P41 million in check to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) as payment for the latter’s insurance claim on its damaged Doppler Weather Surveillance equipment. The turnover ceremony was held last June 14 at the DOST-PAGASA office in Quezon City. The weather forecasting equipment stationed at the Basco Weather Radar Station in Batanes was severely damaged by Typhoon Ferdie in Batanes. Under Republic Act 656 or the Property Insurance Law, all government agencies are required to insure its properties with GSIS. In the photo, GSIS Insurance Group OIC-SVP Joseph...

GSIS, LTO, IC sign pact to link systems for faster, foolproof vehicle insurance processing

The Government Service Insurance System (GSIS) recently signed an agreement to link its IT system with the Land Transportation Office (LTO) and Insurance Commission (IC) to make the processing of motor vehicle registration faster, more economical and at the same time, curb fake insurance cover. The interconnectivity among the three agencies is made possible through a secure and protected integrated system that allows GSIS to request relevant information on motor vehicles online from LTO and IC and obtain responses on a real time basis. This spells faster processing of Certificate of Cover (COC) which is a requirement for LTO registration....

GSIS pays P10M in insurance to Pasig City Gov’t

Government Service Insurance System (GSIS) Insurance Group OIC-SVP Joseph Philip Andres (right) turns over a check worth P10.33 million to Pasig City Mayor Victor Ma. Regis “Vico” Sotto (left) on April 18 as insurance claim payment for the Pasig City General Hospital. The hospital’s Medical Supply Room was destroyed by a fire in May 2021.