News Asia21 Oct 2019

Philippines:General insurance market to grow 25% by 2022

21 Oct 2019

Susceptibility to natural calamities combined with the government's push towards infrastructural investments and related insurance coverage is expected to drive the general insurance market in the Philippines to PHP112.1bn ($2.2bn) in 2022 from PHP76.6bn in 2017, according to GlobalData, a London-headquartered international data and analytics company.

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