Philippines non-life market expected to consolidate in wake of new capital requirements
The local Philippine's insurance representative body has noted that some local non-life insurers may have challenges meeting the government's new paid up capital requirements.
In an interview with Business World P Benedicto Jr, chairman of the Philippine Insurers and Reinsurers Association, said the regulators want insurers to have P250m (£3.7m) in paid-up capital by the
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