News Regulations22 May 2019

Philippines:Insurers see lower risk charges on infrastructure investments


The Philippines' Insurance Commission (IC) has lowered the capital charges for investments made in infrastructure projects, reported local publication The Philippine Star. The move intends to spur insurers to participate in the state's significant infrastructure development efforts, and comes after the publication of IC Circular Letter No. 2019-19 which was recently signed by Insurance Commissioner Dennis Funa who said the move was announced following "the clamour of the insurance industry."

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