Philippines Insurance Q1 2020
We remain of the view that the Philippines’ insurance sector will be a growth hotspot - in global terms - for the durationof the forecast period. A broadly favourable economic environment will underpin a solid expansion in non-life premiums - with mostsub-sectors benefiting from higher volumes and/or prices. The life segment will benefit from the growth of household savings,better understanding from customers of the benefits of life insurance, and numerous initiatives on the part of the insurersthemselves.
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