ValuCare

  • #33 Meralco Ave. Brgy. San Antonio Pasig City
  • 24hrs@valuecarehealth.com
  • 24 hrs. Hotlines: (02) 8702-3310
Facebook-f
Youtube
Instagram
Linkedin
HMO Philippines accredited hospital partner
Search Here for doctors

Ready to Serve Better: ValuCare Joins the PFRS 17 Seminar

The conference rooms at SGV 1 Building in Makati hummed with quiet intensity last March. Professionals from across the HMO and non-life insurance industry had gathered to learn how to speak a new financial language.

(From left) SGV’s Lenard Adona, Risk Consulting Associate Director; Catherine Laigo, Risk Consulting Associate Partner; and Charisse Rossielin Cruz, Business Consulting Leader and Deputy Insurance Leader; with ValuCare’s Jessa Jabonillo, Actuarial Supervisor, and Emmanuel Asis, Assistant Manager for Accounting; alongside IC officials Eugene Samson and Klein Masa, at the PFRS 17 Seminar held March 17–20 in Makati City.

Among them were two from ValuCare: Jessa Jabonillo, Actuarial Supervisor, and Emmanuel Asis, Assistant Manager for Accounting.

Communicating the new standard

PFRS 17 (Philippine Financial Reporting Standard 17) may not make headlines, but for the HMO and insurance industry, it marks one of the most significant changes in financial reporting in recent memory — reshaping how companies like ValuCare measure and communicate their financial health.


To help the industry navigate this shift, the Insurance Commission partnered with SGV & Co. and the Asian Development Bank to organize a four-day seminar from March 17 to 20 – covering measurement models, disclosure requirements, transition approaches, and real-world case studies.

ValuCare in the room

Jessa and Emmanuel weren’t there just to listen — they came to understand and bring back something they could use.


“PFRS 17 fundamentally changes how we measure and report our obligations,” Jessa said. “This training gives us the grounding to apply the standard correctly and ensure our financial reporting truly reflects ValuCare’s commitments to our clients and members.”

Before PFRS 17, companies could account for these differently, making industry comparisons difficult. The new standard brings consistency and transparency to financial reporting across the board.

Building trust

For HMOs like ValuCare, it means a more accurate and credible picture of the company’s financial health — one that members, clients, and partners can trust — and that trust ripples outward. Members can feel more confident in ValuCare’s stability. Clients and partners can make better-informed decisions. And the entire organization becomes more accountable to the people it serves.


“The work is technical. The impact is anything but. Because it is exactly the kind of work that helps us serve our members better,” Jessa emphasized.