While it may not be the most reported industry in the Philippines, the domestic insurance industry has actually been silently contributing its fair share to the economy with a promise to grow even bigger amid untapped opportunities and the new insurance code.

During the University of Santo Tomas business leadership CEO Series (UST CEO Series), the Philippine Prudential Life Insurance Co. president and chief executive officer, Gregorio Mercado, indicated that the country’s insurance industry is very promising, given the numerous untapped opportunities to expand and improve.

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