Philippines: Final call to insurance companies on minimum capita

There is a serious warning for all life and non-life insurance companies from the Insurance Commission (IC) if they fail to comply with the PHP900m ($17.8m) minimum net worth. Also, if they won’t reach the minimum capital investment requirement by the regulator’s deadline. Following this ultimatum is highly required by the Insurance Commission.

Source: Asia Insurance Review

Link : https://www.asiainsurancereview.com/News/View-NewsLetter-Article/id/50269/type/eDaily/Philippines-Regulator-gives-insurers-ultimatum-on-minimum-capital