ARISE-Philippines and its priority lead for insurance, the Philippine Insurers and Reinsurers Association (PIRA) recently held the INSURANCE FOR RESILIENCE WEBINAR SERIES, a two-part webinar intended to raise awareness on the critical role that insurance plays in building the resilience of businesses and communities.
Session one was held last November 12, 2021 which featured Insurance 101 where Mr. Mitch F. Rellosa, PIRA Executive Director, discussed “An Introduction to the Concepts of Risk, Risk Management and Insurance”. The second session followed on November 15, which promoted the Current PIRA Initiatives for Disaster Risk Resilience. Mr. Rellosa discussed “Parametric Products” and Mr. Sandy L. Reyes, PIRA TWG on Agri-Insurance, talked about the “Philippine Catastrophe Insurance Facility”.
One of the attendees, Mr. Walter B. Panganiban said that “I have learned a lot. It is my first time to hear about Parametric Insurance. Love to hear more about Insurance. Maraming salamat po for this opportunity.”