PH insurers’ investments seen benefiting from high-interest regime
MANILA, Philippines—Insurers in the Philippines see an investment windfall from the current high-interest rate environment given their hefty holdings of government debt securities. In a June 21 report, Swiss Re Institute said that “the most significant central bank tightening cycle in decades has begun and we expect much more policy tightening to come this year […]
Insurers urge IC to postpone hike in capital requirement
INDUSTRY LEADERS urged the Insurance Commission (IC) anew to postpone the mandated increase in their minimum capital set for this year’s end, saying many companies are still far from meeting the higher requirement. Philippine Insurers and Reinsurers Association (PIRA) Chairman Edgardo D. Rosario and Etiqa Philippines Chief Executive Officer (CEO) and Philippine Life Insurers Association […]
