Philippines' GI profits surged in 2014 from low base
The Philippines' 65 general insurance companies profits in 2014 climbed to 2.4bn pesos (£35.4m) up 192% from 822m pesos of profit in 2013.
Overall claims declined by a billion pesos from 2013 to 12.8bn pesos last year; 2013 was affected by super typhoon Haiyan which smashed the island nation.
The Business Mirror cited the Phillipines
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