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EVs are a growing opportunity for insurers, but pose near-term challenges
Global sales of electric vehicles (EVs) are growing fast and emerging as a new risk pool for the motor insurance industry, according to...
Jun 5, 20242 min read
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Philippine insurance penetration rate and what needs to be done to improve it
By Michael F. Rellosa The insurance penetration rate at about 2 percent of our GDP is arguably the lowest in the Asean region. This has...
Jun 3, 20243 min read
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DENR Forum on the Blue Economy
PIRA Executive Director Mitch Rellosa representing the private sector attended the DENR Forum on the Blue Economy at The Novotel Manila...
Apr 26, 20241 min read
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AI improves global flood forecasting and extends alert time
A new study Global prediction of extreme floods in ungauged watersheds published in a recent issue of scientific journal Nature says AI...
Apr 15, 20242 min read
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Insurers apprehensive about rising ESG requirements
Insurers are becoming increasingly concerned about greenwashing as ESG requirements become tougher according to a new global study...
Mar 29, 20242 min read
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Consultation Workshop for Governmental interagency TWG on Agri-Insurance
Was held on February 20-21, 2024 at Joy-Nostalg Hotel & Suites Manila. The aim of the workshop was to: establish content outline of...
Feb 23, 20241 min read
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Navigating the Hard Market in 2024
Hard markets, characterized by high premiums and deductibles as well as stricter terms, will continue to plague risk managers this year,...
Feb 8, 20246 min read
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ASEAN Reinsurance Working Committee members sign MoU on Renewable Energy Pool
Members of the ASEAN Reinsurance Working Committee (ARWC) have signed a Memorandum of Understanding (MoU) to support underwriting...
Dec 14, 20231 min read
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