On November 28, 2012, the Insurance Commission released a circular to all pre-need companies regarding the Valuation of Transitory Pre-Need Reserves. To quote the circular, it was released "in order to provide leeway for old basket plans, previously approved by the SEC". Transitory Pre-Need Reserve guidelines and transitory discount interest rates ...

Last February 18th, the Actuarial Society of the Philippines released the latest membership banns. It has been a busy season for ASP Membership Committee Chairman, Peter C. Darvin as member applications reached 30 - 2 Fellows, 4 Associates and 24 Affiliates. Of the 24 new Affiliates, 16 hail from the Towers Watson Team. New Fellows Kerwin ...

Last February 4th, Senate Bill 3280 (House Bill 4867) was approved on its third reading. A bicameral committee composed of Congressmen Apostol, Romarate, Mandanas and Villafuerte and Senators Osmena, Lacson and Pangilinan convened the following day and agreed on a reconciled version of the senate and house bills thereby paving the way for the ...