News Asia31 Oct 2013

Philippines:Govt wants insurance assets to hit US$93 bln by 2023

31 Oct 2013

The Philippine Department of Finance wants the local insurance industry to grow at a fast pace and have at least PHP4 trillion (US$92.8 billion) in assets by 2023, exceeding five times more the current total. At present, the insurance industry has aggregate resources of around PHP600 billion.

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