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Philippines: Growth will continue

September 08, 2014

Mr Sherwin Parungao of Aon Benfield Analytics gives an update of the Philippine insurance sector with its double-digit growth in 2013. Despite the series of natural catastrophes, most players and the Insurance Commission say they are still optimistic.

The combined premium generated by the Philippines’s life and non-life insurance sectors has continued to rise over recent years with the recorded PHP198.1 billion (US$4.5 billion) for 2013, 37.28% higher than PHP144.3 billion in 2012, according to the Insurance Commission Annual Reports and The Philippine Star.

Read more by going to this link: http://www.asiainsurancereview.com/Magazine/ReadMagazineArticle?aid=35421