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Dante Portula
This news release is so timely update for the celebration of microinsurance month (every January) in the Philippines. Congratulations to the stakeholders who continue to contribute to the advocacy of making insurance market works for the low income and informal sectors
26 January 2017
“For the last 10 years, rates in the region have been on the decline across various commercial and specialty lines including aviation and energy. Throw into the mix the rising costs of intermediation and compliance, and all these factors have combined to undermine regional P&Ls and are proving to be challenging for non-life insurers. This is the new reality in Asia”
- Mr Marc Breuil, Regional President Asia, Berkshire Hathaway Specialty Insurance