News - The Philippines: Poor results not dampening optimism for growth

May 2011
Asia Insurance Review;May2011, p53
Trade Publication
The article presents information on the Philippine insurance market which is supposed to increase in 2011, as revealed by the A.M. Best Co. The areas of improvement include written premiums, expenses on construction and the compulsory insurance for overseas workers hired by the agencies. The Gross Domestic Product (GDP) increased to seven percent in 2010 and is expected to grow by 4.5 percent in 2011. Catastrophes are another issue for companies.


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