Country: Philippines Page 7 / 16
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- May 28 2020
Philippines streamlines US$20bn nat cat reinsurance programme
The US$20bn protection scheme will be simplified and reopen for market bids.
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- May 18 2020
Philippines relaxes capital rules during pandemic
Philippines’ Insurance Commission takes proactive action to help firms.
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- May 18 2020
Hundreds of buildings destroyed as Typhoon Vongfong lashes Philippines
The first storm of the season has come as the country tackles the Covid-19 crisis.
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- May 18 2020
Can Asean insurtech catch up with the rest of the world?
The internet economy is expected to reach US$300bn by 2025.
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- May 11 2020
Five years on: Asia’s lessons from Nepal’s 2015 earthquake
Much more effort is required to build nat cat resiliency according to Aon, Munich Re and RMS.
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- May 6 2020
Western North Pacific basin cyclone season to be ‘near normal’: GC
Total number of tropical cyclone formations expected to be steady in 2020.
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- April 27 2020
Singapore insurtech Igloo raises US$16m
Founder Wei Zhu wants to tap into the rise of digital in South-East Asia.
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- February 19 2020
Philippines’ IC to issue cease & desist for capital non-compliance
Insurers need a minimum net worth of US$18m by February 28.
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- February 12 2020
World Bank’s influence over Asia’s nat cat cover grows
Reinsurers are allying with the Washington institution to create some sizeable programmes.
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- February 12 2020
Marsh reveals buoyant Q4 Asia price increases
Global commercial pricing increased for the ninth consecutive quarter.
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- February 7 2020
Prudential appoints emerging markets, Singapore CEOs
Wilfred Blackburn moves back to Hong Kong and Dennis Tan joins from OCBC Bank.
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- February 6 2020
8 insurers charged with violating Philippine Competition Act
Entities found to have entered into anti-competitive agreements to face fines.
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- February 5 2020
Philippines to develop nat cat risk pooling facility
The facility could make catastrophe protection for privately-owned assets compulsory.
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- January 15 2020
Philippines to relaunch P&C state protection bid
The timetable to arrange US$19.6bn of reinsurance nat cat cover has yet to be finalised.
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- January 13 2020
Australia’s bushfire claims manageable: Moody’s
Market underpinned by strong underwriting discipline as claims reach US$644m.
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- January 2 2020
Typhoon Phanfone costs Philippines US$20m in damages
The nation's 21st storm of 2019 has damaged crops and homes; and cost 50 human lives.
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- December 16 2019
Claims expected after earthquake in Philippines
The earthquake happened on the country's second largest island.
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- December 9 2019
Philippines seeks US$20bn cover for P&C exposure
The country is looking to reinsure typhoons, floods and earthquakes.
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- December 4 2019
Typhoon Kammuri lashes Philippines
20th typhoon of the year likely to cause business interruption and storm damage claims.
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- November 29 2019
Asia’s first sovereign cat bond
The listed bonds are another important step for the region's ILS market.
