In a report, UK-based data and analytics firm GlobalData said general insurance in terms of gross written premiums (GWP) could reach P145.4 billion this year, up 14 percent from last year's by P127.5 billion.
This will be supported by strong economic growth, uptake in the construction sector and the country's exposure to natural catastrophic events.
GlobalData insurance analyst Sutirtha Dutta said growth drivers from 2023 including automobiles, construction and financial services are expected to remain this year.
Diese Geschichte stammt aus der June 23, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der June 23, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
PEZA investment approvals plunge 44% in H1
Investment pledges approved by the Philippine Economic Zone Authority (PEZA) in the first semester fell by 44 percent to P45.48 billion from P80.59 billion the same period a year ago.
ERC eyes lower open access threshold as early as 2027
Qualified electricity end-users consuming at least 100 kilowatt hours (kWh) a month may soon be allowed to choose their power suppliers amid plans to lower the open-access threshold as early as 2027.
Gov't debt payments hit P69 B in May
The government jacked up its debt service to almost P70 billion in May with the bulk going to interest payments from both domestic and foreign lenders.
Arriving soon: Cargo rail between Laguna and Albay
Farmers, manufacturers and traders may get a cheaper mode of transportation for their goods by next year, as the Philippine National Railways (PNR) will pursue a P5-billion plan to retrofit the existing line between Laguna and Albay for cargo movement.
New Clark City attracts P143 B investment pledges
The New Clark City (NCC), which is being positioned as an investment hub, has attracted over P143 billion worth of investments, according to the Bases Conversion and Development Authority (BCDA).
Proposed P2.5-M salary delays Maharlika organizational structure
The seemingly high asking salary of state-run Maharlika Investment Corp. (MIC), which could surpass some of the highest paid officials at the Bangko Sentral ng Pilipinas (BSP), caused the delay in the organizational structure of the sovereign wealth fund.
Cuts to bring key rate to 4% in 2025 - Nomura
Risks are skewed toward more policy easing in the Philippines for the next two years as the Bangko Sentral ng Pilipinas BSP) could cut interest rates by 125 basis points this year and another 125 basis points in 2025, Nomura Global Markets Research said.
BALTI BANNERS '24 DRAFT CLASS
Make way for Converge’s new twin tower of Justin Arana and freshman Justine Baltazar.
Secret Service probes how gunman got close to Trump
The US Secret Service is investigating how a gunman armed with an AR-style rifle was able to get close enough to shoot and injure former US president Donald Trump at a rally Saturday in Pennsylvania, a monumental failure of one the agency’s core duties.
KREJCIKOVA RULES WIMBLEDON
CZECH POCKETS SECOND GRAND SLAM TITLE
