The Insurance Commission (IC) is optimistic that the boom of the enterprise will get better in the third zone of the yr notwithstanding the current weak point in financial markets.
“I am positive that inside the 1/3 quarter, we can put up modest boom due to the fact the bulk of the premium is generated by variable, which is also based to the overall performance of the economy and different factors just like the peso and inventory market,” Insurance Commissioner Emmanuel Dooc said on the sidelines of the Financial Literacy Program launch of Japan-primarily based Foundation of Advancement of Life and Insurance Around the World (FALIA) and Philippine Life Insurance Association (PLIA) on Wednesday.
Even if the peso and the stock market are not appearing nicely at gift, Dooc stated he’s hopeful that the weakness will now not closing long enough to have an effect on the enterprise.
financial team 