With Asia now the world’s leading market for medical travel, the Philippines is targeting a greater share of this ever-expanding sector. To achieve this aim, however, the country will need to compete with other leading players in the market including Thailand, Singapore, and now, Malaysia.
Americans may be sharply divided over the merits of US President Barack Obama’s Affordable Care Act (ACA), but the Philippine BPO sector is happily gearing up for the extra outsourcing business that US health care reforms are expected to send its way. The ACA, better known as Obamacare, aims to create a virtually universal health insurance...
With a strong history and few limitations and restrictions on foreign investment, the Philippine insurance industry is open, thriving, growing and competitive. Unlike the banking sector, insurance is not the subject of great debate about who should be let in and how much equity they should be allowed to own. That said, the industry is facing certain...
While the insurance industry in the Philippines is competitive, it is only serving a small portion of the country. Total premiums are estimated to be 1.2% of GDP, the lowest among the ASEAN 5. Insurance remains primarily a luxury for the rich and the urban. This is set to change. The government has been promoting the delivery of insurance to the...
What opportunities have been unlocked by the expansion of microinsurance to cover the nation’s underserved population?
A diverse country with an intriguing history, the Philippines today is a multi-party, democratic republic, open to foreign investment, and integrated within the regional and international political and economic community.
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