Fin lit, demographics to boost insurance penetration growth
Pru Life UK president and CEO Eng Teng Wong (File photo) MANILA - Government efforts to increase Filipinos' financial literacy, along with demographics, tech-savvy young people, and the low insurance penetration rate in the country are seen to boost the people's desire to get health and investment products. In a virtual briefing on Thursday, Pru Life UK president and chief executive officer Eng Teng Wong said the less-than-2-percent insurance product penetration rate in the country, which has a population of more than 109 million, is a "huge opportunity." "We do not want...
Source: philippinetimes.com