The Philippine insurance market appears ripe for consolidation, with some 86 life, non-life and composite insurance firms in operation at end-2018. In an effort to strengthen the sector, the Insurance Commission (IC) is incrementally raising the sector standards, adopting the latest financial reporting standards and increasing risk-based...
Two of the biggest recent trends in global insurance are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as insurtech, which heralds both threats and opportunities for incumbents and newcomers alike. While technological solutions are being applied along...
This is an important period of transition for the Philippine insurance sector, as stakeholders attempt to meet a range of new regulatory requirements designed to expand the industry’s depth and reach. There has been strong growth in profitability and gross written premium (GWP) in recent years, generated by a wide range of insurance types and...
The banks of the Asia-Pacific region have been subject to successive waves of regulatory changes in recent years. Remaining compliant with strengthened anti-money laundering rules, know-your-customer guidelines and a raft of sustainability and transparency initiatives proved to be a resource-consuming process for the region’s lending...
In what ways will the implementation of minimum capital requirements of P900m ($16.7m) encourage further consolidation of the insurance sector?
In what ways has the evolution of banking technologies changed the services offered by institutions?
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