At least one million employees in the insurance sector will lose their jobs if the Department of Transportation and Communications (DOTC) will implement an order awarding to the Government Service Insurance System (GSIS) the exclusive right to issue compulsory third party liability (CTPL) insurance for all motor vehicles.
The Bukluran ng Manggagawa sa Industria ng Seguro (BMIS) and the Alliance of Non-Life Insurance Workers of the Philippines (ANLIWP), said that workers belonging in the two organizations will oppose the implementation of DOTC department order no. 2007-28 that saw publication last July 5.