On 11 March 2025, the Insurance Commission (IC) and the National Privacy Commission (NPC) issued Joint Advisory No. 2025-001 (“Joint Advisory”), or Considerations on the Use of Privacy Enhancing Technologies (PETs) in the Insurance Industry.
The Joint Advisory values the adoption of PETs in the insurance industry, which may supplement existing privacy-preserving practices to mitigate data privacy risks and ensure protection of personal data processed by personal information controllers (PICs) and personal information processors (PIPs).