Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Minimum capital requirement thins ranks of insurers

January 16, 2017 Reprints

The Insurance Commission of Philippines has said that eight local nonlife insurers plan to merger in order to comply with the minimum paid-up capital requirement of 550 million Philippine pesos ($11 million), Manila Standard reports. Dennis Funa, insurance commissioner, said that three nonlife insurers plan to cease operations, while two plan to bring in new investors due to the higher capital requirement.

Help

Minimum capital requirement thins ranks of insurers

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources