PIRA 2026 - In Step

In Step. That was the theme — and the afternoon pretty much lived up to it.

PIRA's Regular General Membership Meeting on 28 April brought together the Philippine insurance and reinsurance community for one of its two annual gatherings. Part governance, part industry conversation, and this time around, something a little more.

The meeting opened with recognition: plaques for past trustees and certificates of appreciation for the many who gave their time to PIRA's technical working groups and committees. It is easy to overlook the volume of work that happens in these committees. The GMM is when that work gets its due.

Business items were taken up and approved: financial statements, budget, auditors report, and ratification of Board actions. The association's Actuarial Study was also presented to the membership.

As part of the updates, members watched a short video — PIRA 2026: In Step — on the steps PIRA has taken to improve how it communicates with its membership, from a refreshed website and Viber Community to a more deliberate presence on Facebook and a dedicated email address for all circulars and advisories.

New this year, PIRA used live polling via Mentimeter to hear directly from members on current issues facing the industry: energy crisis impact, climate risk pricing, talent and workforce, and the growth outlook for Philippine insurance over the next five years.

To close the afternoon, Mr. Mike Ricafort, Chief Economist of RCBC, spoke on the Philippine Economic and Financial Market Outlook from 2026 to 2030.

The meeting was presided over by Chairman Atty. Darren de Jesus.

PIRA: In Step.