Philippines insurers set for M&A wave: Fitch

The US ratings agency also expects premium growth to remain robust but warns about the country's high catastrophe risks.

Philippines insurers set for M&A wave: Fitch

The Philippines’ insurance industry is set for a wave of consolidation over the next few years as recently introduced capital rules continue to bite.

According to Fitch Ratings, insurers in the country highly prone to natural disasters face a challenging environment in the next few years with the market saturated and competitive.

The Philippines Department of Finance DOF imposed higher capital requirements on both life and non-life insurers in June 2012.

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