Focus and Features
Based on the latest industry performance posted by the Insurance Commission, with a total of 29 licensed Health Maintenance Organizations (HMOs), the HMO industry registered total assets of PhP39 billion and total net income of PhP1.7 billion in 2018, posting a double-digit increase from 2017, with net income actually increasing by 65%.
On November 12, 2015, Executive Order No. 192, series of 2015 was issued by then President Benigno Simeon C. Aquino III transferring the regulatory authority of HMOs from the Department of Health to the Insurance Commission (IC). This shift resulted to several changes on the how the industry operates with the IC issuing series of circular letters imposing guidelines and requirements on different areas and concerns.
This two-day interactive seminar-workshop intends to further strengthen the participants' knowledge and skills in auditing HMOs.
What You Will Learn
I. The Business of HMOs
II. Governance, Regulatory and Compliance Framework
III. Audit Considerations
IV. HMO Industry Issue: IFRS 17
Managing Partner at Galvez & Nicdao Consulting Co.
St. Giles Hotel, Makati Avenue corner Kalayaan Avenue Makati City Philippines
Makati Avenue corner Kalayaan Avenue
Makati City, Philippines