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Diokno urges digital transformation to boost insurance sector

DIGITAL TRANSFORMATION. Finance Secretary Benjamin Diokno (left) and Insurance Commissioner Dennis Funa (right) during the Insurance Commission's (IC) 74th anniversary celebration at the Philippine International Convention Center (PICC) on Friday (Feb. 17, 2023). Diokno urged stakeholders to ensure that insurance products be accessible and affordable to all Filipinos to increase the number of Filipinos with insurance protection. (Photo by Joann S. Villanueva) MANILA - Digital transformation and ensuring fairness of insurance premiums are among the keys to increase insurance penetration in the country, Finance Secretary Benjamin Diokno said. In his speech during the Insurance Commission's (IC) 74th anniversary celebration at the Philippine International Convention Center (PICC) on Friday, Diokno urged stakeholders to "find new ways" and make insurance products more accessible to all to encourage more Filipinos to have insurance protections. "With new technologies, ....

Distrito Federal , New Hampshire , United States , France General , Us Navy , International Section , President Emmanuel Macron , Digital Transformation Finance Secretary Benjamin Diokno Left And Insurance Commissioner Dennis Funa Right During The Commission 39s Ic 74th Anniversary Celebration At Philippine International Convention Center Picc On Friday Feb 17 , 023 Diokno Urged Stakeholders To Ensure That Insurance Products Be Accessible And Affordable All Filipinos Increase The Number Of With Protection Photo By Joanns Villanueva Manila Digital Transformation Ensuring Fairness Premiums Are Among Keys Penetration In Country , Inance Secretary Benjamin Diokno Said In His Speech During The Insurance Commission 39s Ic 74th Anniversary Celebration At Philippine International Convention Center Picc On Friday , Iokno Urged Stakeholders To Quot Find New Ways And Make Insurance Products More Accessible All Encourage Filipinos Have Protections With Technologies , E Can Make Our Financial Services More Accessible , Ore Efficient And More Innovative This Will Be Instrumental In Achieving Greater Financial Inclusion Across The Nation , Uot He Said To Date , Nsurance Penetration Rate In The Country Is Around 2 Percent Of Total Population , Eeding The Strong Push To Make Insurance Products More Accessible And Affordable Diokno Also Emphasized Need Quot Ensure Fairness Of Premiums Collected These Involve Computations That Are Not Readily Clear Public It Is Our Responsibility Sold Consumers Fair Truly Protect Them , Uot He Said Relatively , Iokno Called In The Insurance Firms To Quot Actively Support Philippine Sustainable Finance Roadmap , Hich Aims To Ensurea Climate Resilient And Low Carbon Futurea Regular Assessment Review Of Ic Rules Regulations Was Also Raised Make These In Line With International Standards He Said The Marcos Government Fora Quot Society That Is Prosperous , Nd Fair Quot , She Said , Equires Trust And Transparency Quot The Road Towards This Vision Will Not Be Easy , Ut It Is Doable With Your Support , E Havea Chance Of Achieving Deep Socioeconomic Transformation Where Individuals Are Secured And Communities Resilient , Uot He Added Pna ,