Day: July 23, 2024

MUMBAI, Milliman, a premier global consulting and actuarial firm, today released its annual 2023 embedded value results: Asia report which includes 2023 embedded value (EV) and value of new business (VNB) results disclosed by major multinational and domestic life insurers across Asia Pacific. The report also analyses and discusses the EV methodologies and assumptions used, and the impact of changes to key regulations in the region. ‘An overall increase in EV and VNB across the region in 2023 reflects the bounce back of many economies,’ said Milliman Principal and Consulting Actuary Heerak Basu. ‘With the easing of Covid restrictions and

MANILA: The Department of Social Welfare and Development’s (DSWD) Disaster Response Command Center (DRCC) on Tuesday declared a ‘red alert’ status as the southwest monsoon or ‘habagat’ enhanced by Typhoon Carina continues to drench large parts of Luzon and Visayas islands. ‘Secretary Rex Gatchalian has ordered the DRCC and the DSWD Field Offices (FOs) to be on the highest level of readiness as ‘Habagat’ intensifies due to Typhoon Carina,’ DSWD spokesperson Irene Dumlao said in a statement. Dumlao, also the Assistant Secretary for Disaster Response Management Group (DRMG), said a red alert means that ‘all human and material resources are

MANILA: Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. on Tuesday bared plans to establish ‘permanent’ and farmer cooperatives-run Kadiwa stores to further advance the administration’s food security and affordability targets. During the post-State of the Nation Address (SONA) forum, Laurel said the DA aims to build 1,500 Kadiwa stores in the next three years to serve all municipalities and cities nationwide in compliance with the directives of President Ferdinand R. Marcos Jr. to ensure sustainable operations of Kadiwa centers to provide cheaper agricultural goods to Filipinos. ‘Ang gagawin natin ay ile-level up natin from mere pop-up stores, gagawin