{"id":100615,"date":"2020-11-09T15:38:51","date_gmt":"2020-11-09T07:38:51","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=100615"},"modified":"2020-11-09T15:38:53","modified_gmt":"2020-11-09T07:38:53","slug":"bests-commentary-philippine-insurers-remain-under-pressure-with-rejected-proposal-to-amend-minimum-capital-rule","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=100615","title":{"rendered":"Best\u2019s Commentary: Philippine Insurers Remain Under Pressure With Rejected Proposal to Amend Minimum Capital Rule"},"content":{"rendered":"\n<p><strong>SINGAPORE, Nov 9 (Bernama-BUSINESS WIRE) &#8212;&nbsp;<\/strong><strong>AM Best&nbsp;<\/strong>believes local companies in the Philippine insurance industry will still face significant pressure on underwriting growth and profitability amid the ongoing COVID-19 pandemic with the recent rejection of a proposal to relax minimum capital requirements.<\/p>\n\n\n\n<p>A new\u00a0<em>Best\u2019s Commentary<\/em>, titled, \u201cPhilippine Insurance: Dropped Proposal to Amend Minimum Capital Rule May Have Mixed Impact,\u201d notes that the government has stood firm on the capitalisation requirement, which is to be met by 2022. According to the commentary, the requirement not only prompted capital injections in the market to strengthen the insurers\u2019 capitalisation, but also led to increased merger and acquisition (M&amp;A) activity in Philippines\u2019 highly fragmented insurance market. However, in view of the economic fallout from COVID-19, AM Best notes that there is a possibility that M&amp;A momentum and the impetus to shore up capital positions may falter over the near term. <\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=38629\">http:\/\/mrem.bernama.com\/viewsm.php?idm=38629<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Nov 9 (Bernama-BUSINESS WIRE) &#8212;&nbsp;AM Best&nbsp;believes local companies in the Philippine insurance industry will still face significant pressure on underwriting growth and profitability amid the ongoing COVID-19 pandemic with the recent rejection of a proposal to relax minimum capital requirements. A new\u00a0Best\u2019s Commentary, titled, \u201cPhilippine Insurance: Dropped Proposal to Amend Minimum Capital Rule May [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/100615"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100615"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/100615\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100615"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}