The Philippine insurance industry recorded a 13.25% increase in total premiums as of the third quarter of 2025, according to data from the Insurance Commission (IC). Total industry premiums reached PHP372.08bn ($6.41bn) by the end of September, almost PHP50bn higher than the same period last year. Life insurance premiums climbed 13.77% to PHP299.45bn from PHP263.21bn a year earlier, while the non-life segment rose 13.07% from PHP53.13bn in Q3 2024 to PHP60.07bn in Q3 2025. Contributions from mutual benefit associations (MBAs) also grew by 2.86% to PHP12.57bn. Premium growth continued to be driven by both traditional and variable life insurance, which expanded by 9.7% and 16.0%, respectively. Insurance Commissioner Reynaldo A. Regalado said, “The accelerating growth in total premiums and other key indicators underscores not only the increasing trust in the insurance sector’s role in economic resilience, but also the rising awareness among Filipinos of the importance of financial protection.” Source: www.asiainsurancereview.com

Southeast Asia may soon have an insurance programme for rebuilding damaged infrastructure following natural catastrophes. This was announced by the Philippine Department of Finance (DOF) after the 8th Technical Meeting of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) held in Kyoto, Japan, in October. The DOF said member countries at the meeting agreed to explore the creation of the SEA|DRIF Sovereign Asset and Fiscal Empowerment (SEADRIF-SAFE) facility. The initiative, spearheaded by the Philippines, aims to embed disaster insurance directly into development projects financed by bilateral and multilateral partners.  The programme seeks to ensure that critical assets such as hospitals, schools, and roads are financially protected and can continue operating in the aftermath of disasters. “This also means that when a disaster strikes, governments can begin rebuilding immediately since funds are already available. By pooling risks at the regional level, member countries can reduce insurance costs, expand coverage, and accelerate recovery efforts, making communities safer and more resilient,” the DOF said in a statement. Commenting on the announcement, Philippine Finance Secretary Ralph Recto said: “Disasters are not just national problems—they are regional challenges that demand global solutions. Through SEADRIF-SAFE, which the Philippines champions, we are taking a proactive and united step to protect what truly matters: our people and the public assets they rely on.” “This is not just about preparing for disasters. It’s a way to ensure that our economy and our future remain strong—not only for the Philippines, but for the whole of Southeast Asia,” Mr Recto added in Tagalog. Source: www.asiainsurancereview.com

PIRA is the umbrella organization representing the collective interests of the non-life insurance industry in the Philippines since 1954. Promoting the growth and development of the non-life industry for 70 years Promoting the growth and development of the non-life industry for 70 years Promoting the growth and development of the non-life industry for 70 years Promoting the growth and development of the non-life industry for 70 years As the principal voice of the non-life insurance industry, PIRA works to advocate for policies and advance proposals that improve the ability of its members to conduct and grow business in the Philippines and increase the industry's effectiveness. 1/3 PIRA Updates 2025 CSR Conference and Expo Fostering Resilience: Engaging the Private Sector in Agriculture Insurance Insurance Hybrid Capital Assessment in the Philippines Our Member Companies To play, press and hold the enter key. To stop, release the enter key. Full list of members, click here .

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The Philippine Insurers and Reinsurers Association (PIRA) is committed to working and making all aspects of non-life insurance easier for consumers, intermediaries, and insurance companies in the Philippines. Established in 1954, PIRA early on was tasked to provide the prescribed rates for insurance companies and was aptly named the Philippine Insurance Rating Association. Four decades after its founding, the company merged with the Insurance and Surety Association of the Philippines (ISAP), with PIRA retaining its acronym but renamed the Philippine Insurers and Reinsurers Association. ABOUT US ASSOCIATION PROFILE The Philippine Insurers and Reinsurers Association (PIRA) is the non-profit trade association established to serve the general interests of the domestic non-life insurance and reinsurance companies. PIRA is committed to working and making all aspects of non-life insurance easier for consumers, intermediaries, and insurance companies in the Philippines. Established in 1954, PIRA early on was tasked to provide the prescribed rates for insurance companies and was aptly named the Philippine Insurance Rating Association. Four decades after its founding, the company merged with the Insurance and Surety Association of the Philippines (ISAP), with PIRA retaining its acronym but renamed the Philippine Insurers and Reinsurers Association. PIRA today, seeks to promote the overall growth and development of the non-life insurance sector and represents its member companies by: acting as an advocate for the industry; handling issues and developing industry positions through government lobby, public affairs, industry forums conducting technical research and pooling resources to achieve common objectives identifying emerging trends and responding to issues affecting the industry collaborating with government and the private sector on initiatives and projects for the benefit of the industry and community As of January 2023, PIRA’s 55 member companies provide 100 percent of the domestic non-life insurance services sold in the country. PIRA members also account for a substantial investment in the Philippine stock market. OUR VISION PIRA is the Institutional Leader - cohesive, trusted, and self-regulated in a growing non-life insurance industry in the Philippines. OUR MISSION 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. OUR CORE VALUES Trustworthiness Accountability Professionalism Integrity Compassion OUR MEMBERS 1 COOPERATIVE INSURANCE SYSTEM OF THE PHILIPPINES LIFE AND GENERAL INSURANCE (1CISP) AIG PHILIPPINES INSURANCE, INC. ALLIEDBANKERS INSURANCE CORPORATION ALPHA INSURANCE AND SURETY COMPANY, INC. ASIA INSURANCE (PHILIPPINES) CORPORATION ASIA UNITED INSURANCE, INC. AXA PHILIPPINES LIFE AND GENERAL INSURANCE CORPORATION BETHEL GENERAL INSURANCE & SURETY CORPORATION BPI/MS INSURANCE CORPORATION CARD PIONEER MICROINSURANCE INC. CIBELES INSURANCE CORPORATION CLIMBS LIFE AND GENERAL INSURANCE COOPERATIVE COCOGEN INSURANCE, INC. COMMONWEALTH INSURANCE COMPANY CORPORATE GUARANTEE AND INSURANCE COMPANY, INC. COUNTRY BANKERS INSURANCE CORPORATION ETIQA LIFE and GENERAL ASSURANCE PHILIPPINES FPG INSURANCE CO., INC. FORTUNE GENERAL INSURANCE CORPORATION GOVERNMENT SERVICE INSURANCE SYSTEM INSURANCE COMPANY OF NORTH AMERICA (A CHUBB Company) INTRASTRATA ASSURANCE CORPORATION LIBERTY INSURANCE CORPORATION M PIONEER INSURANCE INC. MAAGAP INSURANCE, INC. MALAYAN INSURANCE COMPANY, INC. MANILA BANKERS LIFE AND GENERAL ASSURANCE CORPORATION METROPOLITAN INSURANCE COMPANY, INC. MILESTONE GUARANTY AND ASSURANCE CORPORATION NATIONAL REINSURANCE CORPORATION OF THE PHILS. OONA INSULAR INSURANCE CORPORATION PACIFIC CROSS INSURANCE, INC. PACIFIC UNION INSURANCE COMPANY PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION PEOPLE’S GENERAL INSURANCE CORPORATION PERLA COMPAÑIA DE SEGUROS, INC. PETROGEN INSURANCE CORPORATION PGA SOMPO INSURANCE CORPORATION PHILIPPINE BRITISH ASSURANCE COMPANY, INC. PHILIPPINES FIRST INSURANCE COMPANY, INC. PIONEER INSURANCE AND SURETY CORPORATION PIONEER INTERCONTINENTAL INSURANCE CORPORATION PRUDENTIAL GUARANTEE AND ASSURANCE, INC. SEAINSURE GENERAL INSURANCE COMPANY, INC. SGI PHILIPPINES GENERAL INSURANCE COMPANY, INC. STANDARD INSURANCE COMPANY, INC. STARR INTERNATIONAL INSURANCE PHILIPPINES BRANCH STERLING INSURANCE COMPANY, INC. STRONGHOLD INSURANCE COMPANY, INC. THE MERCANTILE INSURANCE COMPANY, INC. THE PREMIER LIFE AND GENERAL ASSURANCE CORPORATION TRAVELLERS INSURANCE & SURETY CORPORATION VISAYAN SURETY AND INSURANCE CORPORATION WESTERN GUARANTY CORPORATION