The Philippines’ central bank has stepped up efforts to protect the banking industry from hacking and theft by approving a series of new authentication regulations, which come as part of a broader push to strengthen the sector against cybercrime.
Philippines Financial Services
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A proposal to institute mandatory household and business insurance cover against natural disasters is set to go before the Philippine government. If passed, the measure could not only help mitigate risk stemming from catastrophic events, but also broaden the base of the underwriting sector.
Articles & Analysis | The Philippines revises insurance sector regulations from The Report: The Philippines 2016
While still relatively small in comparison to many of its ASEAN peers, the Philippine insurance sector has shown strong growth in recent years, averaging 10% expansion between 2008 and 2014. The signs are that with the country’s continued economic growth and a burgeoning middle class, the sector’s expansion will continue to be impressive,...
Articles & Analysis | Wholesale and retail from The Report: The Philippines 2016
THE COMPANY: Puregold Price Club (PGOLD) was incorporated in September 1998 as a company involved in the business of trading goods such as consumer products on a wholesale and retail basis. PGOLD operates in three main formats: hypermarket, supermarkets and discounters. PGOLD also owns the S&R...
Articles & Analysis | Market conditions boost the Philippines' insurance sector from The Report: The Philippines 2016
The Philippine life insurance sector has seen major growth in recent years, in market size, penetration rates and product range. New channels are also opening – there has been a surge in bancassurance, for example – and more market entrants are expected as the country moves towards fuller integration into the ASEAN Economic Community.
Interviews & Viewpoints | Lorenzo Chan Jr, President, Pioneer Life & Retail Organisation Head, Pioneer Group: Interview from The Report: The Philippines 2016
To what extent has the life insurance industry transitioned to serve the mass market, and how can micro-insurance penetration be boosted?