The Philippine insurance industry recorded a 13.25% increase in total premiums as of the third quarter of 2025, according to data from the Insurance Commission (IC). Total industry premiums reached PHP372.08bn ($6.41bn) by the end of September, almost PHP50bn higher than the same period last year. Life insurance premiums climbed 13.77% to PHP299.45bn from PHP263.21bn a year earlier, while the non-life segment rose 13.07% from PHP53.13bn in Q3 2024 to PHP60.07bn in Q3 2025. Co

Southeast Asia may soon have an insurance programme for rebuilding damaged infrastructure following natural catastrophes. This was announced by the Philippine Department of Finance (DOF) after the 8th Technical Meeting of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) held in Kyoto, Japan, in October. The DOF said member countries at the meeting agreed to explore the creation of the SEA|DRIF Sovereign Asset and Fiscal Empowerment (SEADRIF-SAFE) facility. The in

The winners for the 29th Asia Insurance Industry Awards have been revealed, with 17 of the region's top insurers, reinsurers, brokers, risk managers and service providers bringing home a trophy. The awards are well known for their stringent criteria and transparent selection process, overseen by a panel of expert judges from across the insurance industry. This year, the awards attracted almost 200 entries in 17 categories. The event was held, as usual, in conjunction with the

Lifetime Achievement Award Michael F. Rellosa Philippines Insurers and Reinsurers Association

Join us on November 19, 2025, 6:00PM at Glorietta 4 Cinema 1 for a magical evening that goes beyond the screen. All proceeds go to PIC’s chosen charitable institutions and in Collaboration with PAMI Cares. Making every ticket count for good! Enjoy the newly renovated Glorietta Cinemas with upgraded seats and sound system, plus a chance to win exciting prizes in our raffle!  Tickets: ₱1,000 – Reserved Seat (with popcorn & bottled water) ₱800 – Regular Seat (with popcorn & bott

by Michael F. Rellosa As disruption reshapes the world of insurance, the Philippine Insurers and Reinsurers Association (PIRA) must evolve into a catalyst for innovation, collaboration and national resilience. OUR industry stands at a crossroads. The Philippine insurance sector, once viewed as stable and traditional, now faces a wave of disruption that tests its very foundations. Economic uncertainty, political scrutiny, climate risk, digital transformation and shifting custo

Beneath Manila Bay, 30 kilometers below the seafloor, the Manila Trench—a megathrust fault capable of producing a magnitude 9.0 earthquake—has been locked for over 500 years. When it ruptures, 13 million people will have just 20 minutes before a 15-20 meter tsunami strikes the coast. This is the earthquake and tsunami threat most Filipinos don't know about. And it's bigger than the Marikina Valley Fault. The Manila Trench is the same type of fault that caused the 2011 Japan t