PIRA joins OECD and OPASRC in shaping the Philippines' path to climate-resilient public finance

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 private sector representatives on 14 July, alongside government-owned and controlled corporations and business associations, contributing the insurance industry's perspective on:

• Key factors influencing private sector engagement in resilience-related investments

• Financing instruments and approaches to scale up investment in resilience

• Expanding access to insurance, particularly for vulnerable sectors

• Strengthening public-private cooperation and risk-sharing mechanisms

  
  

These consultations fed directly into today's High-Level Roundtable (15 July, The Manila Hotel), which convenes senior officials from the Government of the Philippines and OECD member countries for international dialogue on good practices in public finance, resilience, and sustainability.

The initiative is part of a region-wide project on Strengthening Green, Gender and SDG Budgeting in Asia, supported by the European Union.

PIRA remains committed to advancing the industry's role in building a more resilient and sustainable Philippines through stronger public-private collaboration on disaster risk financing and insurance.