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Until recently, the insurance sector in the Philippines has been governed by the outdated Insurance Code (1974), which has restricted the Insurance Commission s ability to enforce the law and regulations, due to weak legal protection of supervisors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 the ... Read More

Country Philippines
Project Number 47207-001
Project Type or Modality of Assistance Technical Assistance
Financing Public sector (Sovereign)
Status Approved
Approval Number TA No. 8608
Approval Date 31 Dec 2013
ADB Financing ($ thousand) 225
Sector / Subsector Classification Finance
/ Insurance and Contractual Savings
Thematic Classification Capacity development

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Madeleine Varkay
Email contact

Responsible ADB Department
Southeast Asia Department

Responsible ADB Divisions
Public Management, Financial Sector and Trade Division, SERD

Last PDS Update
03 Jan 2014

SEARCH/BROWSE PROJECTS