The Philippines Insurance Commission issued Circular Letter No. 2025-09 adopting consolidated Omnibus Guidelines on Investments for insurance companies, professional reinsurers, and mutual benefit associations. The framework expands allowable investments and removes the Commission’s prior approval requirement for certain new and qualifying instruments, while introducing safeguards intended to support prudent risk-taking. The circular streamlines and updates the allowable investments regime by consolidating guidance drawn from 15 earlier circular letters. Newly permitted investments include structured products, debt securities issued by supranational organizations, and investment vehicles, which do not require prior approval provided they meet conditions such as minimum credit rating requirements or listing on recognized exchanges. The circular also lifts prior approval requirements under previous issuances for certain PHP- and foreign currency-denominated investments that meet accepted market-wide standards and have undergone external review processes, including credit rating and listing on recognized exchanges.
Philippines Insurance Commission2025-04-10
Philippines Insurance Commission issues omnibus investment guidelines expanding allowable assets and easing prior approval for insurers, reinsurers, and MBAs
The Philippines Insurance Commission issued Circular Letter No. 2025-09, adopting Omnibus Guidelines on Investments for insurance entities, expanding allowable investments and removing prior approval for certain instruments. The framework permits investments in structured products and supranational debt securities, subject to conditions like minimum credit ratings. It also eliminates prior approval for PHP- and foreign currency-denominated investments meeting market standards.