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INTEREST RATE JUMPS. Prulife UK president and CEO Eng Teng Wong (left) said introduction of affordable insurance products is a "big help" in encouraging more Filipinos to get insurance coverage and increase penetration rate in the country. Prudential chief health officer Andrew Wong said the rise in interest rates is not expected to have a long-term impact on their products' pricing, citing they continue to innovate products that will have greater benefits to their policyholders. (Photo by Joann S. Villanueva) MANILA - An official of London-based Prudential Plc is optimistic that the rising interest rate will not have any immediate hit on the pricing of their insurance products as authorities are now addressing the issue. In a briefing on Wednesday, Prudential chief health officer Andrew Wong said jumps in inflation rate, which is the main reason for increasing interest rates around the globe, is not severe in Asia and Africa as it is in Europe and the United States. &quo

United statesAndrew wongEng teng wongPrudential plcLondon based prudential plcPru life united kingdomInterest rate jumps prulife uk president and ceo eng teng wong left said introduction of affordable insurance products isa quot big help in encouraging more filipinos to get coverage increase penetration the country prudential chief health officer andrew rise rates is not expected havea long term impact on their 39 pricingIting they continue to innovate products that will have greater benefits their policyholders photo by joanns villanueva manila an official of london based prudential plc is optimistic the rising interest rate not any immediate hit on pricing insurance as authorities are now addressing issue ina briefing wednesdayRudential chief health officer andrew wong said jumps in inflation rateHich is the main reason for increasing interest rates around globeS not severe in asia and africa as it is europe the united states quot so certainlyE hope this is going to be likea temporary issueUot he saidDding quot whatever comes up will come down again wong said central banks are helping address the elevated rate of price increases by also hiking their key policy rates impact inflation should bea temporary phenomenonUot he said wong this is the reason why firmsSuch as insurance companies