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Philippine insurance : dropped proposal to amend minimum capital rule may have mixed impact
Recurso electrónico / Electronic resource
MAP20200036999
Philippine insurance : dropped proposal to amend minimum capital rule may have mixed impact / A.M. Best Company. — New Jersey : A.M. Best Company, 2020
2 p. . — (Best's Commentary ; November 5, 2020)
Sumario: According to press reports, the Philippine Insurance Commission's (IC) recent withdrawal of a proposal to hold the minimum net worth requirement of local insurance companies' at PHP 900 million (USD 18.6 million) is expected to have a mixed impact on the overall insurance industry over the short to medium term. AM Best notes that the Departament of Finance maintains its long-term objectives to strengthen the Philippines' insurance industry
1. Mercado de seguros ‌. 2. Empresas de seguros ‌. 3. Perspectivas del seguro ‌. 4. Filipinas ‌. I. Best's Commentary ; November 5, 2020 ‌. II. Title.