WELCOME TO THE

TOURISM PROMOTIONS BOARD PHILIPPINES

An ISO 9001:2008 Certified Organization with Certificate No: CIP/5168/15/12/951
An attached agency of the Department of Tourism, the Tourism Promotions Board (TPB) exists to market and promote
the Philippines domestically and internationally as a world-class tourism and MICE destination, in strategic partnership
with private and public stakeholders to deliver a unique high-value experience for visitors, significantly contributing to
increased arrivals, receipts and investments to the country.

REPUBLIC ACT No. 9593

otherwise known as
Tourism Act of 2009
and
Its Implementing
Rules and Regulations

CHAPTER III TOURISM PROMOTIONS - Subchapter III-A. Tourism Promotions Board

SECTION 45. Tourism Promotions Board. – Under the supervision of the Secretary and attached to the Department for
purposes of program and policy coordination shall be a body corporate known as the Tourism Promotions Board (TPB).
The TPB shall formulate and implement an integrated domestic and international promotions and marketing program
for the Department.

SECTION 46. Mandate. – The TPB shall be responsible for marketing and promoting the Philippines domestically and
internationally as a major global tourism destination, highlighting the uniqueness and assisting the development of its
tourism products and services, with the end in view of increasing tourist arrivals and tourism investment. Specifically, it
shall market the Philippines as a major convention destination in Asia. To this end, it shall take charge of attracting,
promoting, facilitating, and servicing large-scale events, international fairs and conventions, congresses, sports
competitions, expositions and the like. It shall likewise ensure the regular advertisement abroad of the country’s major
tourism destinations and other tourism products, not limited to TEZs. It may also provide incentives to travel agencies
abroad which are able to draw tourists and tourism investments to the country.

The PTPB is responsible for:

 Marketing and promoting the Philippines domestically and internationally as a major global tourism
destination, highlighting the uniqueness and assisting the development of its tourism products and services,
with the end in view of increasing tourist arrivals and tourism investments;
 Marketing the Philippines as a major Meetings, Incentives, Conventions and Exhibitions (MICE) destination;
 Attracting, promoting, facilitating and servicing large scale events, international fairs and conventions,
congresses, sports competitions, expositions and the like;
 Ensuring the regular local and international advertisement of the country’s major tourism destinations and
other tourism, including Tourism Enterprise Zones (TEZ); and
 Providing incentives to travel agencies, tour operators, wholesalers and investors abroad capable of drawing
a sizeable number of tourists and tourism investments to the country.

Mission
To market and promote the Philippines domestically and internationally as a world-class tourism and MICE destination,
in strategic partnership with private and public stakeholders to deliver a unique high-value experience for visitors,
significantly contributing to increased arrivals, receipts and investments to the country.

Vision
The Philippines is among the top destinations in the world by 2020.

PASSIONATELY DRIVEN TEAM

We respond enthusiastically and with dedication to the needs of the industry stakeholders.

OUTSTANDING LEADERS
We act as an enabler in embracing challenges to create breakthrough ideas, exercise good governance, transparency
and judicious management of resources.

WELL-BALANCED WORK-LIFE
We create a healthy work environment to promote a balanced professional and personal well-being of the workforce.

EMPOWERED ORGANIZATION
We strive to be superior by improving performance through continued learning in all levels of the organization.

RESPONSIVE PARTNERS
We commit to build and nurture a just and sustainable development for the society.
Insurance touches all our lives in a multitude of ways. It is an essential element in our present day life, securing our
standards of living and the stability of our families, as well as our property rights. Everyone in this country feels the
protecting arm in some form of insurance and most of us are affected by the many forms of its protection.
In view of this widespread public interest in the various insurance coverage, the supervision of this business has
become an integral part of our government process.
Quality Policy
We, the Insurance Commission, commit to provide quality regulatory services to protect the insuring public and pre-
need customers and to develop and strengthen the insurance and pre-need industries, and their related services.
To achieve these objectives, we shall:
 Institute sound policies and regulations;
 Keep abreast with trends and developments on standards for effective regulation and supervision;
 Enhance the competencies of our human resources;
 Provide and maintain adequate resources needed for the delivery of quality services; and
 Continually improve our Quality Management System in accordance with ISO 9001.

Vision, Mission, and Shared Core Values

VISION
Strong, sustainable and globally competitive regulated entities, as pillars of the economy, to serve every Filipino.
MISSION
We are committed to implement prudent and progressive regulatory and supervisory policies at par with international
standards.
SHARED CORE VALUES
Integrity
The Insurance Commission upholds the highest standard of honesty and transparency in the fulfillment of its duties
and services.
Commitment
We sustain highest global standards and best practices in regulation and supervision.
Responsibility
In the achievement of its mandate, the Insurance Commission exercises accountability, dedication and drive.

Mandates, Objectives, and Functions

MANDATE
To regulate and supervise the insurance, pre-need, and HMO industries in accordance with the provisions of the
Insurance Code, as amended, Pre-Need Code of the Philippines, and Executive Order No. 192 (s. 2015)
Legal Bases:
 RA No. 10607 entitled, “AN ACT STRENGTHENING THE INSURANCE INDUSTRY, FURTHER AMENDING
PRESIDENTIAL DECREE NO. 612, OTHERWISE KNOWN AS “THE INSURANCE CODE”, AS AMENDED
BY PRESIDENTIAL DECREE NOS. 1141, 1280, 1455, 1460, 1814 AND 1981, AND BATAS PAMBANSA
BLG. 874, AND FOR OTHER PURPOSES”; otherwise known as The Insurance Code, as amended.
 RA No. 9829 entitled, “AN ACT ESTABLISHING THE PRE-NEED CODE OF THE PHILlPPlNES”; otherwise
known as the “Pre-Need Code of the Philippines”.
 EO No. 192 (s. 2015) entitled, “TRANSFERRING THE REGULATION AND SUPERVISION OVER HEALTH
MAINTENANCE ORGANIZATIONS FROM THE DEPARTMENT OF HEALTH TO THE INSURANCE
COMMISSION, DIRECTING THE IMPLEMENTATION THEREOF AND FOR OTHER PURPOSES”
OBJECTIVES
 To promote growth and financial stability of insurance, pre-need, and HMO companies
 To professionalize insurance, pre-need, and HMO services, and develop insurance, pre-need, and HMO
consciousness among the general populace
 To establish a sound national insurance market
 To safeguard the rights and interest of the insuring public, pre-need and HMO customers
FUNCTIONS
1. Promulgation and implementation of policies, rules and regulations governing the operations of entities
engaged in insurance, pre-need, and HMO activities as well as benevolent features
2. Licensing of insurance, reinsurance companies, its intermediaries, mutual benefit associations, trusts for
charitable uses, pre-need companies, pre-need intermediaries, and HMO companies
3. Conducting insurance agent’s examinations, as well as processing of reinsurance treaties and request for
investments of insurance companies
4. Examination/verification of the financial condition and methods of doing business of entities engaged in
insurance business, pre-need, mutual benefit associations, trusts for charitable uses, and HMO companies
5. Evaluation and preparation of statistical reports, studies, researches, annual reports, and position papers
relative to insurance, pre-need matters, and HMO matters
6. Review of premium rates imposed by life and non-life companies, mutual benefit associations; statistical
reports of adjusters to determine compliance with established standards.
7. Adjudication of claims and complaints involving loss, damage or liability incurred by an insurer under any kind
of policy or contract of insurance or suretyship;
8. Review and approval of all life and non-life policies, pre-need, and HMO plans before sale to prospective
clients.