#TheIIAPPodcast is where insurance experts get real — candid conversations with the people who know the industry best, unpacking the issues, trends, and decisions that shape Philippine insurance today. In Episode 3, host Jacqy Raj sits down with Allan Santos, President & CEO of National Re Philippines and IIAP Board Member, to talk about one of the industry's most critical — and least understood — mechanisms: reinsurance. How does it work? How does it keep insurers standing

The hostilities in the Middle East have triggered a surge in discussions and notifications regarding Constructive Total Loss (CTL), but these have not yet translated into a material rise in accepted claims. The industry is seeing a trend where assets remain physically undamaged but are effectively "trapped" in conflict zones. In an interview with Middle East Insurance Review, Riyadh Re CUO Belhassen Tonat highlighted the severe operational disruptions currently facing the mar

Philippine President Ferdinand Marcos Jr called on ASEAN bloc members to ensure regional energy security and resilience, as he opened the 48th ASEAN Summit Retreat in Cebu on 8 May. He urged ASEAN members to ensure regional energy security and resilience, saying: “ASEAN must strengthen coordination and reinforce preparedness, [and] pursue practical collective measures to safeguard a stable energy supply and improve interconnectivity, all the while advancing alternative and re

The Philippine Insurers and Reinsurers Association (PIRA) is currently participating in three separate initiatives involving the Bangko Sentral ng Pilipinas (BSP), the Department of Agriculture (DA), and the United Nations Development Programme (UNDP). Each initiative aims to develop new insurance products and frameworks that could expand the role of the private non-life insurance sector in the Philippines. 1. Parametric Insurance Knowledge Exchange with BSP The BSP invited

The Insurance Commission (IC) has stepped up in support of its regulated entities by granting extended deadlines on key reportorial requirements under Circular Letter No. 2026-10, dated 06 May 2026. This regulatory relief comes in response to Executive Order No. 110, s. 2026, issued by the President of the Philippines, which declared a State of National Energy Emergency following geopolitical conflicts in the Middle East that have disrupted global oil production and transpor

BY the time the next typhoon makes landfall, the question will not be whether Filipino farmers and fisherfolk will lose their crops, livestock and livelihoods — it will be how much, and who, if anyone, will help them recover. The Philippines has the unenviable distinction of being among the most disaster-prone countries on Earth, and our agriculture sector — already battered, undercapitalized and structurally fragile — sits squarely in the crosshairs. The proposed Public-Priv