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Market sees moderation in 1Q in general except for Nat CAT-exposed property risks
Across Asia, market conditions were mixed, with renewal outcomes varying by line of business. Natural catastrophe property risks remained...
Jun 5, 20242 min read
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Insurance industry chalks up 45% jump in 1Q net profits
The insurance industry saw its net income soar by 45% to more than PHP14.29bn ($246m) in the first quarter of this year, compared to...
May 28, 20241 min read
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Insurers Face Crisis with Hundreds of Billions in Corporate Tax Increases
This year, insurers are facing a crisis where they may have to pay hundreds of billions of won more in corporate taxes compared to the...
May 16, 20243 min read
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Non-life sector drives profit growth in 2023
The Insurance Commission (IC) has announced that the net income of the insurance industry, comprising life and non-life insurance...
Apr 12, 20241 min read
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Cebu Province pioneers insurance scheme for govt workers
The Cebu Provincial Board (PB) has approved an ordinance establishing Sugbo Segurado, an accident and life insurance plan for all...
Apr 1, 20241 min read
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19th Asia Healthcare and Health Insurance Conference
PIRA as a supporting organization to the 19th Asia Healthcare and Health Insurance Conference organized by the Asia Insurance Review...
Mar 26, 20241 min read
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Regulator and actuaries to conduct first morbidity study to evaluate rates and reserve valuations
The Insurance Commission (IC) and the Actuarial Society of the Philippines (ASP) have agreed to conduct the country's first industry-wide...
Feb 13, 20241 min read
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Region's insurance markets affected differently by inflation
The impact of inflation on ASEAN insurance markets was less than in mature Western markets, as inflation in Southeast Asia was on average...
Dec 13, 20234 min read
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