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Rising interest rate has no instant effect on insurance products

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 States , Andrew Wong , Eng Teng Wong , Prudential Plc , London Based Prudential Plc , Pru Life United Kingdom , Interest 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 Pricing , Iting 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 Wednesday , Rudential Chief Health Officer Andrew Wong Said Jumps In Inflation Rate , Hich Is The Main Reason For Increasing Interest Rates Around Globe , S Not Severe In Asia And Africa As It Is Europe The United States Quot So Certainly , E Hope This Is Going To Be Likea Temporary Issue , Uot He Said , Dding 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 Phenomenon , Uot He Said Wong This Is The Reason Why Firms , Such As Insurance Companies , Eed To Introduce Products With Higher Guarantee Of Returns , Ointing Out That People 39s Awareness To Have Insurance Protection Increased During The Pandemic Quot Because Of Environment , Ecause Of The Increasing Interest Rate , Most Of The Companies , Ncluding Ourselves , Re Ina Better Position To Come Up With Some Sort Of Higher Guarantee Return Products Asa Result , Uot He Said Wong They Have Proposed With The Regulators About Provision Of Some Sort Reward System For Their Policyholders Who Not Made Any Claims Or Those Minimal To Date Are Receptive Suggestion Quot This Is What We Call Claim Based Pricing It 39s Basicallya If Stay Healthy Havea Lot Other Prevention Steps So That Take Conscious Decision Incur , Uot He Added During The Same Briefing , Ru Life Uk President And Chief Executive Officer Ceo Eng Teng Wong Said These Affordable Products Are Targeted To Encourage More People Have Insurance Coverage , Hus Are Aimed To Also Help Increase Financial Inclusion In The Country He Said These Competitive Products Given Benefits It Will Have Policyholders Added Expected Insurance Penetration Which ,

Čínský Tencent vstupuje do vývojáře her Bohemia Interactive

Čínský Tencent vstupuje do vývojáře her Bohemia Interactive
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Čínský Tencent vstupuje do českého vývojáře her Bohemia Interactive, získá polovinu

Čínský Tencent vstupuje do českého vývojáře her Bohemia Interactive, získá polovinu
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«США могут ограничить использование доллара в России»: эксперт высказался о возможном запрете американской валюты

«США могут ограничить использование доллара в России»: эксперт высказался о возможном запрете американской валюты
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Названа доля планирующих проводить новогодние корпоративы компаний

Названа доля планирующих проводить новогодние корпоративы компаний
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