Country: Philippines Page 5 / 16
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- July 4 2022
Nat Re’s CEO ‘optimistic’ on outlook
Allan R. Santos has pointed to a recovering economy.
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- July 1 2022
Philippine Crop Insurance placed under close regulatory supervision
PCIC was found to be “very exposed to catastrophe losses which are not reinsured.”
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- June 7 2022
World Bank slams Philippines government agency for poor provision of agri cover
PCIC should develop appropriate index-insurance products for its stakeholders.
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- May 30 2022
Are Asian insurers doing enough to prepare for climate liability?
A Philippines inquiry finds companies liable for climate change - insurers should take note.
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- May 11 2022
Number of shipping losses in South China falls: AGCS report
One in five shipping losses still come from the region - the highest in the world.
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- April 14 2022
Tropical Storm Megi causes property losses
The weather event has triggered extensive damage and left 80 dead in the Philippines.
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- March 3 2022
Philippine Covid claims reach US$324.5m: report
Covid payouts more than tripled in 2021 than in 2020.
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- January 26 2022
Typhoon Rai triggers US$52.5m cat bond payout for Philippines
Following a wind metric, another calculation for the World Bank instrument will look at precipitation.
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- January 13 2022
Typhoon Rai triggers thousands of claims for Philippines’ adjusters
Major damage to a hospital, a grain silo firm and beach resorts will lead to millions of dollars in payouts.
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- January 11 2022
Crawford appoints Philippines country manager
Manila-based Graham Tolentino is also a director of the adjuster's forensic accounting services.
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- January 3 2022
Tokio Marine appoints Asia CEO
Masahito Hirai has switched from the firm's Malaysia operations to be based in Singapore.
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- December 31 2021
Philippine broker premiums hit US$1.44bn in 2020
Aon topped the list placing around US$260m in premiums followed by Marsh, BDO Insurance and Lockton.
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- December 21 2021
Philippine regulator urges insurers to fast-track Typhoon Rai claims
Insurance Commission head Dennis Funa says there has been widespread damage from landslides and flooding.
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- November 12 2021
Insurtechs take on catastrophe protection
Tackling Asia’s US$134bn protection gap requires innovative approaches.
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- November 1 2021
Charles Taylor inks agreement with Philippines loss adjuster
The newly agreed partnership with Senon Insurance Adjusters will expand the global player's regional presence.
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- October 15 2021
Asia’s combined September economic losses exceed US$30bn: Aon
The region was hit by a series of powerful storms and two earthquakes.
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- September 1 2021
South-East Asia’s reinsurers face underwriting challenge
Certain claims are down but pricing remains insufficient to improve profitability.
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- August 31 2021
Philippines premiums up double-digits in Q1: report
Life market as well as engineering, casualty and health premiums showed significant growth.
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- August 17 2021
Nat Re facing adverse business conditions: Phil Ratings
Rating agency says the firm still enjoys a "unique advantage" as it is entitled to 10% of all outward reinsurance from domestic insurers.
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- July 19 2021
Malayan reliant on reinsurance to write large property risks: AM Best
The largest Philippine P&C player had GWP of US$280m in 2020.
