The finalists for the 30th Asia Insurance Industry Awards have been revealed, with 49 of the region's top insurers, reinsurers, brokers, risk managers and service providers making the shortlist. 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 185 entries in 16 categories. For the first round of remote selection, judges went

A co-insurance pool launching next year is designed to address it Catastrophe & Flood By Roxanne Libatique of INSURANCE BUSINESS The P135.3 million in agricultural losses triggered by typhoons “Luis” and “Maymay” and an enhanced southwest monsoon is not, by recent Philippine typhoon season benchmarks, an outsized event. Its significance for insurance professionals lies elsewhere: it arrives as the Philippines prepares to launch its first agricultural co-insurance pool in Janu

The Philippine Insurers and Reinsurers Association (PIRA) is proud to announce that its Executive Director, Michael Rellosa, has been re-elected as a member of the ARISE Philippines Board of Directors for the 2026–2029 term. The announcement follows the recently concluded ARISE Philippines Board of Directors Election, which saw strong participation from member organizations across various industries. Joining Mr. Rellosa on the newly elected Board are representatives from SM

The Philippine Insurers and Reinsurers Association (PIRA) took part in the Working-Level Consultations on Advancing Sustainable Communities through Public Finance Resilience, organized by the Organization for Economic Co-operation and Development (OECD) in partnership with the Office of the Presidential Adviser for Sustainable and Resilient Communities (OPASRC), held on 13–14 July 2026 at Centro de Turismo Intramuros, Manila. PIRA participated in the session for corporate and

Earthquake. Tremor. Upheaval. Metro Manila is a bustling megacity of over 14 million people that rests on a ticking geological time bomb. The West Valley Fault, which traverses the heart of the metropolis, is ripe for a major movement. Seismologists warn that this fault moves roughly every 400 to 500 years. The last major earthquake occurred in 1658. This means that the region is well within the window for a magnitude 7.2 earthquake, colloquially feared as the “Big One.” Acco

The Philippine Insurers and Reinsurers Association (PIRA) is calling on insurers to overhaul war-risk underwriting, strengthen investment and currency hedging strategies, and introduce relief measures for policyholders as oil prices surge and geopolitical risks intensify following the Middle East conflict. The Philippines is one of the economies most vulnerable to conflict in the Middle East, as it imports 98% of its oil from the region, prompting it to be the first country i