Philippines Financial Services

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What is your assessment of the BSP’s ability to mitigate the economic challenges brought about by the pandemic and facilitate recovery?

 

How would you assess the pace of digital transformation in the Philippines’ insurance sector?

 

While the pandemic has placed extra strain on the Philippines’ health care system, increased awareness of health risks could lead to a spike in private insurance coverage. With around 415,000 recorded cases and 8000 virus-related deaths as of mid-November, 2020, the Philippines has been one of the hardest-hit countries in South-east Asia...

The Philippines is one of the world’s fastest-growing nations. Although economic activity slowed during the 2020 Covid-19 pandemic period, stimulus measures, imminent public sector policies and a larger budget are expected to create jobs, generate growth and help kick-start the country’s recovery during 2021.

While the pandemic has placed extra strain on the Philippines’ health care system, increased awareness of health risks could lead to a spike in private insurance coverage.

How do you evaluate the BSP’s ability to help mitigate the economic challenges of the pandemic and facilitate recovery?

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