{"id":270886,"date":"2020-10-05T22:45:16","date_gmt":"2020-10-06T02:45:16","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=270886"},"modified":"2020-10-05T22:45:16","modified_gmt":"2020-10-06T02:45:16","slug":"insurance-industry-seen-to-be-back-to-pre-covid-situation-by-22","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/10\/05\/insurance-industry-seen-to-be-back-to-pre-covid-situation-by-22\/","title":{"rendered":"Insurance industry seen to be back to pre-Covid situation by &#8217;22"},"content":{"rendered":"<figure id=\"attachment_270888\" aria-describedby=\"caption-attachment-270888\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/10\/0-02-06-dc9f360a2edf4d2f313e0494c3f07ae4ea847ae262b80daa8aee22a25da694eb92a843f3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-270888\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/10\/0-02-06-dc9f360a2edf4d2f313e0494c3f07ae4ea847ae262b80daa8aee22a25da694eb92a843f3.jpg\" alt=\"\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/10\/0-02-06-dc9f360a2edf4d2f313e0494c3f07ae4ea847ae262b80daa8aee22a25da694eb92a843f3.jpg 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/10\/0-02-06-dc9f360a2edf4d2f313e0494c3f07ae4ea847ae262b80daa8aee22a25da694eb92a843f3-300x188.jpg 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-270888\" class=\"wp-caption-text\">Insurance Commissioner Dennis Funa (PNA Photo)<\/figcaption><\/figure>\n<p>MANILA \u2013 Insurance Commissioner Dennis Funa is optimistic for a recovery of the insurance industry in the next three years since the Philippine economy\u2019s fundamentals remain strong.<\/p>\n<p>\u201cIn spite of all the difficulties we have in 2020 there are reasons to be optimistic,\u201d Funa said during the virtual briefing for the upcoming 23rd ASEAN Insurance Regulators Meeting (AIRM) and the 46th ASEAN Insurance Council (AIC) Meetings Monday.<\/p>\n<p>Even with the expected contraction of domestic growth this year because of the pandemic, Funa said the economy is projected to grow between five to six percent next year primarily due to resiliency of the economy.<\/p>\n<p>He said possible availability of a Covid-19 vaccine is also a plus.<\/p>\n<p>\u201cSo recovery is, in fact, on the horizon\u2026And perhaps by 2022 our figures will be back to pre-Covid-19 figures,\u201d he said.<\/p>\n<p>Relatively, Funa said they have yet to receive reports for the second quarter performance of industry players since the community quarantine has limited entities\u2019 capacity to process the necessary documents.<\/p>\n<p>He, however, said that the second quarter reports will be impacted in two ways &#8211; ceclining investments and declining in sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Insurance Commissioner Dennis Funa is optimistic for a recovery of the insurance industry in the next three years &hellip;<\/p>\n","protected":false},"author":44,"featured_media":270888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-270886","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=270886"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270886\/revisions"}],"predecessor-version":[{"id":270889,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270886\/revisions\/270889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/270888"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=270886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=270886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=270886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}