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Philippines: Capital relief & health insurance to drive Nat Re growth in 2021

Greater demand for reinsurance, coupled with higher health-related insurance coverage amid the ongoing COVID-19 pandemic are expected to support the growth trajectory in 2021 of the National Reinsurance Corporation of the Philippines (Nat Re), the country's national reinsurer.

“We continue to identify pockets of growth such as opportunities resulting from the need for capital relief reinsurance solutions and higher health insurance covers, as well as partnerships with foreign reinsurers,” Mr Allan R Santos, Nat Re president and CEO, told company shareholders at the 2021 Nat Re Annual Stockholders’ Meeting yesterday.


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