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|Subject: 29,223 Insurance Agents Fri Sep 16, 2011 11:10 am|| |
Gross premium earnings of life insurance companies, as reported by Philippine Life Insurance Association (PLIA), amounted to P31.3 billion in 2001 while gross premium earnings of nonlife companies, as reported by the Insurance and Surety Association of the Philippines (ISAP), reached P17.3 billion.
As of 2000, total insured assets by life companies reached P1.016 trillion; admitted assets, P144.62 billion; cash and investment assets, P137.78 billion; legal reserves, P67 billion; and net worth, P50.55 billion. The number of licensed insurance agents was placed at 29,223 while the number of employees was put at 6,862.