Non-life insurers want the industry regulator to stipulate that the minimum capital requirement would be maintained at the current level of PHP900m ($17.6m) under a pending Senate bill aimed at raising the minimum to PHP1.3bn by end-2022.
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(Bloomberg) Twenty years after China’s ascent into the World Trade Organization, governments around the world are grappling with how to handle the exporting juggernaut for the next two decades.