The Insurance Commission of the Philippines has updated its guidelines regarding investments in infrastructure projects in alignment with the Philippine Development Plan (PDP) for 2023-2028. The newly issued Circular Letter allows insurance and reinsurance companies to invest up to 40% of their admitted assets or net worth in such projects, subject to prior approval from the Commission. The framework includes both equity and debt investment options, with specified risk charges for compliance with prudent requirements. Insurance Commissioner Reynaldo A. Regalado emphasized the need for these updates to align with the government’s economic agenda.
