New PH rule allows insurers and reinsurers to invest in infrastructure projects

Investments may be made through equity or debt.

Insurers and reinsurers in the Philippines can now invest in infrastructure projects under the Philippine Development Plan, its Insurance Commission announced.

Investments may be made through equity, where companies directly provide capital, or debt, where they act as financiers or sponsors.

Life insurers may allocate up to 40% of their admitted assets, whilst non-life insurers and reinsurers may use up to 40% of their net worth for such investments.

Prior approval is required, with submissions including board resolutions, latest audited financial statements, government approval of the project, financial projections, stress testing, and/or scenario analysis to assess resilience against macroeconomic stresses.

Risk charges are set at 9% for equity investments, while the charge for debt instruments is 6%.

Follow the link for more news on

Philippines

Also Read

Climate change alters insurer risk management: S&P

Hanwha Life acquires 75% stake in US firm Velocity Clearing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit