Since 1954, the Philippine Insurers and Reinsurers Association (PIRA) has been working to make all aspects of insurance easier for consumers, agents and insurance companies in the Philippines.
PIRA started as the Philippine Insurance Rating Association whose job mainly was to come up with prescribed rates for insurance companies. Four decades after its founding, the company merged with the Insurance and Surety Association of the Philippines (ISAP), with PIRA changing its meaning to Philippine Insurers and Reinsurers Association. PIRA at present is the voice of the Philippine non-life insurance industry, forecasting and responding to issues that may arise, and anticipating opportunities to enable its members to better serve their customers. PIRA encompasses all non-life insurance companies in the Philippines. It is constantly trying to improve and achieve its mission to meet the needs of its members.
PIRA represents the collective interests of the Philippine non-life insurance industry. It speaks out on issues of common interest; helps to inform and participate in debates on public policy issues; and acts as an advocate for the insurance industry. PIRA has around 90 companies. Between them, they provide 90 percent of domestic non-life insurance services sold in the Philippines. PIRA members account for a substantial investment in the Philippine stock market.
OUR VISION: PIRA 2020
PIRA is the Institutional Leader - cohesive, trusted, and self-regulated in a growing non-life insurance industry in the Philippines.
To promote the general welfare and common interests of non-life insurance, surety and professional reinsurance companies doing business in the Philippines and the general public, through ways and means consistent with law;
To provide leadership, guidance and direction to the non-life insurance industry;
To propagate and spread the concept, principles and benefits of non-life insurance and surety business and to this end conduct educational campaigns, training seminars, workshops, conferences and lectures;
To create a positive image of the non-life insurance industry in the country and in the region;
To serve as a forum for the exchange of information on matters involving or affecting the non-life insurance, surety and reinsurance industries both local and international;
To make PIRA a reliable source of insurance-related statistics, forms and information;
To foster unity, goodwill and cooperation among its members in order that collective actions or pursuits in all matters of common interest to them may be facilitated;
To promote a harmonious environment where members voluntarily comply.