In Step. That was the theme — and the afternoon pretty much lived up to it. PIRA's Regular General Membership Meeting on 28 April brought together the Philippine insurance and reinsurance community for one of its two annual gatherings. Part governance, part industry conversation, and this time around, something a little more. The meeting opened with recognition: plaques for past trustees and certificates of appreciation for the many who gave their time to PIRA's technical wor

The Middle East conflict is taking a major toll on global shipping and trade, leading to growing interest in alternative maritime routes, including the Arctic corridor. In a new study by trade credit risk management company, Coface, shows that over the next five years, the Arctic region’s commercial potential will remain limited despite changes in navigation conditions due to climate change. Whilst they do not constitute a credible alternative for container transport, these r

The Philippines' Insurance Commission (IC) recorded a near 90% increase in its fines and penalties collection in 2025, with the agency attributing the rise to intensified efforts to enforce compliance and strengthen oversight of regulated entities. The IC collected a total of PHP87.72m ($1.47m) in fines and penalties last year, representing an 86.21% increase from 2024. Despite stricter enforcement, the Philippine insurance industry sustained its expansion, with total assets

What every Filipino — and every insurer — needs to understand about the world we are living in now. LET’s be honest with each other. No one planned for this. For generations, Filipinos have survived by being resilient. We pick ourselves up after every typhoon, rebuild after every earthquake, and somehow find a way to smile through it all. That “diskarte” — that instinctive, improvisational toughness — is one of our greatest national gifts. But resilience alone, without a plan

The heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximise their institutions' response to the energy and economic impacts of the war in the Middle East. The institutions said in a joint statement, “At these times of high uncertainty, it is paramount that our institutions join forces to monitor developments, align analysis, and coordinate support to policymakers to navigate this crisis.

The Young ASEAN Insurance Manager Award (YAMA), organized by AITRI in collaboration with the ASEAN Insurance Council , is now accepting nominations for its 2026 edition. Finalists will be interviewed in Bali, Indonesia in November , where the winner will be announced. Eligibility at a glance: ASEAN national, 40 years old or younger At least 5 years in the insurance industry Currently in a managerial role 📅 Deadline for submission to PIRA: 29 April 2026 Nominations go throu