Vimarsana
Biggest News Aggregation in the World

Ncluding Ourselves News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Ncluding Ourselves. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Ncluding Ourselves Today - Breaking & Trending Today

Rising interest rate has no instant effect on insurance products - Vimarsana News

Rising interest rate has no instant effect on insurance products

Published: September 14, 2022

INTEREST RATE JUMPS. Prulife UK president and CEO Eng Teng Wong (left) said introduction of affordable insurance products is a "big help" in encouraging more Filipinos to get insurance coverage and increase penetration rate in the country. Prudential chief health officer Andrew Wong said the rise in interest rates is not expected to have a long-term impact on their products' pricing, citing they continue to innovate products that will have greater benefits to their policyholders. (Photo by Joann S. Villanueva) MANILA - An official of London-based Prudential Plc is optimistic that...

Source: philippinetimes.com
Related Topics:
United StatesAndrew WongEng Teng WongPrudential PlcLondon Based Prudential PlcPru Life United KingdomInterest Rate Jumps Prulife Uk President And Ceo Eng Teng Wong Left Said Introduction Of Affordable Insurance Products Isa Quot Big Help In Encouraging More Filipinos To Get Coverage Increase Penetration The Country Prudential Chief Health Officer Andrew Rise Rates Is Not Expected Havea Long Term Impact On Their 39 PricingIting They Continue To Innovate Products That Will Have Greater Benefits Their Policyholders Photo By Joanns Villanueva Manila An Official Of London Based Prudential Plc Is Optimistic The Rising Interest Rate Not Any Immediate Hit On Pricing Insurance As Authorities Are Now Addressing Issue Ina Briefing WednesdayRudential Chief Health Officer Andrew Wong Said Jumps In Inflation RateHich Is The Main Reason For Increasing Interest Rates Around GlobeS Not Severe In Asia And Africa As It Is Europe The United States Quot So CertainlyE Hope This Is Going To Be Likea Temporary IssueUot He SaidDding Quot Whatever Comes Up Will Come Down Again Wong Said Central Banks Are Helping Address The Elevated Rate Of Price Increases By Also Hiking Their Key Policy Rates Impact Inflation Should Bea Temporary PhenomenonUot He Said Wong This Is The Reason Why FirmsSuch As Insurance CompaniesEed To Introduce Products With Higher Guarantee Of ReturnsOinting Out That People 39s Awareness To Have Insurance Protection Increased During The Pandemic Quot Because Of EnvironmentEcause Of The Increasing Interest RateMost Of The CompaniesNcluding OurselvesRe Ina Better Position To Come Up With Some Sort Of Higher Guarantee Return Products Asa ResultUot He Said Wong They Have Proposed With The Regulators About Provision Of Some Sort Reward System For Their Policyholders Who Not Made Any Claims Or Those Minimal To Date Are Receptive Suggestion Quot This Is What We Call Claim Based Pricing It 39s Basicallya If Stay Healthy Havea Lot Other Prevention Steps So That Take Conscious Decision IncurUot He Added During The Same BriefingRu Life Uk President And Chief Executive Officer Ceo Eng Teng Wong Said These Affordable Products Are Targeted To Encourage More People Have Insurance Coverage