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More foreign insurers eye presence in Philippines

More foreign companies are likely to enter the insurance business in the Philippines  as the final tranche of the increase in capital requirement – a move that would impact small local firms – nears implementation.

Insurers give up on capitalization rules extension

Local insurers are no longer optimistic on the possible extension of the final tranche of increase in capital requirement by yearend, but the industry maintained it would continue to push for its review.

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