Insurers Race for Footholds in Expanding ASEAN Market

Insurers see huge potential in the 10 Southeast Asian countries poised to join as one market but expect to face challenges from new competitors and regulatory arrangements still under development.

PhilNaRe’s Hidalgo: BPO, Construction Drive Philippine Growth

Augusto Hidalgo, President and CEO of National Reinsurance Corporation of the Philippines, said the Philippine middle class is rising as more than 1 million residents find careers in business process outsourcing.