The International Day for Disaster Risk Reduction (IDDRR) is observed annually on 13 October to promote global awareness and collective action toward reducing disaster risk. For IDDRR 2026, the United Nations Office for Disaster Risk Reduction (UNDRR) has adopted the theme “Resilience Starts at Home.” In support of this global campaign, ARISE Philippines and its partners will translate science, governance, partnerships, and official guidance into practical and meaningful ac

The sovereign parametric deal covers government exposures only, and the domestic pool covers earthquake alone, leaving typhoon and flood placements reliant on offshore capacity. The Philippine government is finalising a parametric insurance deal with the Southeast Asia Disaster Risk Insurance Facility (Seadrif) that will release pre-arranged funds to the state after major natural disasters. The Department of Finance (DOF) says the signing is expected in the coming months. For

The East Asian Insurance Congress (EAIC) announced the incoming executive board members for the 32nd EAIC. Mr Koji Takahashi was announced at EAIC President, while Dr Somporn Suebthawilkul was announced as Vice President. The announcements were made during the closing ceremony of the 31st EAIC last night, in Tokyo. Other appointment holders for the upcoming edition of the Congress are: Mr Hiroshi Tange, Secretary-Treasurer Mr Oran Vongsuraphichet, Assistant Secretary-Treasure

Travel insurance faces mounting exposure as hundreds of foreign tourists are reported missing following a deadly flash flood that swept through villages along the Nepal-China border. Local media, citing the Nepal Tourism Board, said 517 foreign tourists from 33 countries were among 570 tourists reported missing following Wednesday’s flash flood, with India accounting for the largest share. Some reports, however, put the number of missing foreign tourists as high as 700. At le

To All Members, Registered Representative and/or Accredited Alternate Representative/s, The ASEAN Insurance Council (AIC), a supporting partner of the Labuan International Insurance Association (LIIA) and Labuan IBFC Inc., sends an invitation for the 8th Asian Captive Conference (ACC) 2026. Details are as follows: DATE : 10 September 2026 VENUE : Sime Darby Convention Centre in Kuala Lumpur, Malaysia As a supporting partner, the AIC offers its members the following exc

Only 10 of 51 nonlife insurers belong to the disaster risk pool. A private-sector insurance pool for major disasters in the Philippines faced its first major earthquake in June, but limited reported claims left questions over whether it can absorb a large-scale loss. The Philippine Catastrophe Insurance Facility (PCIF), which pools earthquake risk amongst insurers, was tested by the magnitude 7.8 earthquake that struck Sarangani province in the nation’s south in June. "With t