47207-001: Capacity Development to Support Regulation and Oversight at the Insurance Commission

Project Data Sheet (PDS): Overview

Description

Until recently, the insurance sector in the Philippines has been governed by the outdated Insurance Code (1974), which has restricted the Insurance Commission s ability to enforce the law and regulations, due to weak legal protection of supervisors and staff, hampered its ability to hire professionally qualified staff as a result of the salary standardization law, and thereby constrained the reorganization and upgrading of its management structure and supporting business processes. During ... Read More

Country Philippines
Project Number 47207-001
Type or Modality of Assistance Technical Assistance
Financing Public sector (Sovereign)
Status Approved
Approval Number TA No. 8608
Approval Date 13 Dec 2013
ADB Financing ($ thousand) 225
Sector Finance
Subsector Insurance and contractual savings
Strategic Agendas Inclusive economic growth (IEG)
Drivers of Change Governance and capacity development (GCD)

 

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