The meeting cited emerging risks tied to digital innovation across the sector.

Staff Reporter

, Philippines

The gathering cited emerging risks tied to integer invention crossed nan sector.

Sun Life of Canada (Philippines), Inc.’s President, JJ Moreno, and incoming main executive serviceman and state caput of Sun Life Philippines, has met pinch Insurance Commissioner Atty. Reynaldo Regalado to talk improving financial literacy crossed nan state past week.

Moreno and Regalado highlighted nan usage of integer platforms to present financial acquisition successful a measurement that is accessible and scalable, peculiarly for communities extracurricular awesome municipality centres.

The gathering besides covered ways to grow entree to life insurance, particularly for Overseas Filipino Workers and underserved segments of nan population.

Both sides noted nan request for affordable security products and wider nationalist consciousness to thief bring basal financial protection to much households.

Moreno and Regalado exchanged views connected nan industry’s modulation to International Financial Reporting Standard 17 (IFRS 17), citing its value successful improving transparency and consistency successful financial reporting. 

They said nan caller modular could thief fortify spot successful nan security assemblage amongst policyholders and different stakeholders.

Regulatory betterment was different cardinal topic, pinch discussions rubbing connected nan request to update nan Insurance Code of nan Philippines. 

According to Sun Life, some parties agreed that regulations must germinate to support gait pinch integer invention and emerging risks facing nan industry.
 

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