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To All Members, Registered Representative and/or Accredited Alternate Representative/s, The ASEAN Insurance Council (AIC), a supporting partner of the Labuan International Insurance Association (LIIA) and Labuan IBFC Inc., sends an invitation for the 8th Asian Captive Conference (ACC) 2026. Details are as follows: DATE : 10 September 2026 VENUE : Sime Darby Convention Centre in Kuala Lumpur, Malaysia As a supporting partner, the AIC offers its members the following exclusive benefits: - A special registration rate of RM599 / USD155 (excluding service fees) using promo code: ACC26_AIC. For more information and to register, kindly refer to AIC's invitation as attached. Thank you.

Only 10 of 51 nonlife insurers belong to the disaster risk pool. A private-sector insurance pool for major disasters in the Philippines faced its first major earthquake in June, but limited reported claims left questions over whether it can absorb a large-scale loss. The Philippine Catastrophe Insurance Facility (PCIF), which pools earthquake risk amongst insurers, was tested by the magnitude 7.8 earthquake that struck Sarangani province in the nation’s south in June. "With the second year of the program in 2026, the PCIF is functioning as intended, aiding primary retention," Hemant Nagpal, regional director and head of analytics for the Asia-Pacific region at Gallagher Re Ltd., said in an emailed reply to questions. He said the quake provided an "early important operational test" but did not meaningfully test the facility's financial capacity because reported losses were limited. The National Disaster Risk Reduction and Management Council had recorded 92 deaths, 1,316 injuries, and 20 missing people across Mindanao as of 7 July. The Insurance Commission (IC), Philippine Insurers and Reinsurers Association (PIRA), and National Reinsurance Corporation of the Philippines launched PCIF in July 2025. It covers earthquake risk and is designed to retain losses domestically before transferring extreme losses to reinsurers. The limited claims also exposed a wider shortage of catastrophe insurance. Swiss Reinsurance Company Ltd. estimated emerging Asia's catastrophe resilience at 5%, compared with 29.1% in advanced countries in the Asia-Pacific region. Insurance penetration in the Philippines reached 2% in the first quarter (Q1), the IC said, leaving coverage amongst the lowest in ASEAN. Mindanao faces an even larger gap. Insular Life Assurance Company Ltd. said the region accounted for just 9.5% of its year-to-date 2026 sales. “The tricky thing with Mindanao is insurer presence tends to be a key factor in purchasing insurance," Jose Eduardo Ang, chief product and innovation officer at Insular Life, told Insurance Asia via Zoom. He cited distribution, product fit, and price as barriers. PIRA Executive Director Michael Ferre Rellosa, said lower premiums alone would not solve the shortage of catastrophe coverage. "A premium that does not reflect real risk is not a discount; it is a deferred default,” he said in an emailed reply to questions. “The cheapest policy in the world is worthless if the insurer cannot honour the claim when the ground shakes, and a market priced on yesterday's climate is quietly accumulating exactly that failure.” He said insurers should combine risk pooling and parametric insurance, which pays when disasters reach agreed thresholds, with targeted government support and measures to reduce disaster risks. The debate over broader catastrophe cover gained urgency weeks later when Typhoon Bavi, locally known as Inday, struck Sarangani, killing 10 people in a landslide. The PCIF initially covers only earthquake risk, with typhoon and flood coverage excluded to keep the facility simpler. Rellosa said the pool could eventually cover a broader range of natural disasters. “Earthquake for now, but the whole idea is that all natural catastrophe risks will be included. Maybe in a year or so," he added. PIRA plans to expand the pool to typhoon and flood risks, review rates, and increase membership. It also plans an agricultural insurance pool by Q1 2027. Source: insuranceasia.com

The finalists for the 30th Asia Insurance Industry Awards have been revealed, with 49 of the region's top insurers, reinsurers, brokers, risk managers and service providers making the shortlist. The awards are well known for their stringent criteria and transparent selection process, overseen by a panel of expert judges from across the insurance industry. This year, the awards attracted almost 185 entries in 16 categories. For the first round of remote selection, judges went through the entries based on a 1,200-word write-up to arrive at a shortlist of entries. The final round of judging will be held on 2 September 2026, where judges will discuss each of the entries in detail before selecting the winners through a secret ballot. The entire judging process is closely scrutinised by KPMG. The winners will be feted at the awards gala dinner on 2 November 2026 in conjunction with the 22nd SIRC at the Marina Bay Sands Expo & Convention Centre. Asia Insurance Awards 2026 finalists Award Category Finalists Life Insurance Company of the Year • AIA Insurance Lanka Limited • Fubon Life Insurance • Softlogic Life Insurance PLC General Insurance Company of the Year • Allianz Ayudhya • KBZMS General Insurance • MSIG Insurance (Singapore) Pte Ltd • Phillip General Insurance (Cambodia) Plc • PVI Insurance Corporation Health Insurance Company of the Year • NPII Smart Life Insurance Co., Ltd. • HSBC Life (International) Limited • Softlogic Life Insurance PLC Digital Insurer of the Year • Go Digit General Insurance Limited • Softlogic Life Insurance PLC • Muang Thai Life Assurance Public Company Limited Educational Service Provider of the Year • Singapore College of Insurance (SCI) • LIMRA and LOMA • The Association of Indonesian Qualified Insurance and Reinsurance Brokers (APARI) Life Reinsurer of the Year • Malaysian Life Reinsurance Group Berhad • Reinsurance Group of America, Incorporated (RGA) General Reinsurer of the Year • EVEREST REINSURANCE COMPANY • FuSure Reinsurance Company Limited • National Reinsurance Corporation of the Philippines Regional Reinsurance Broker of the Year • Asia Reinsurance Brokers (ARB) • TQR Public Company Limited • UIB Asia Reinsurance Brokers Pte Ltd Broker of the Year • Aon • Lei Shan Insurance Broker • Marsh Asia Sustainability Award • Allianz Asia Pacific • Fubon Life Insurance • Mandal Insurance Technology and AI Initiative of the Year • Techcom Life • Go Digit General Insurance Limited • HSBC Life Singapore • Softlogic Life Insurance PLC Service Provider of the Year • Arom Grips Ltd • APRIL International • KGISL Corporate Risk Manager of the Year • Lana Brown of Dyson • Vinit Prabhu of Vedanta Limited • Usha Kiran Konathala of Royal Sundaram General Insurance Co Limited Young Leader of the Year • Ajay Sadana of MUNICH RE • Dr Christopher Au of WTW • Gautam Mahey of Pacific Prime Insurance Brokers Woman Leader of the Year • Amita Chaudhury of AIA Group • Jasleen Kohli of GoDigit • Carol Lee (Lin Lee, Chia-Jene) of Lei Shan Insurance Broker Lifetime Achievement Award Winner to be revealed during awards presentation on 2 November 2026 For more information on the Awards, please contact Ms Julia at the email address: Julia@asiainsurancereview.com Source: www.asiainsurancereview.com

Serminars/Webinars ENABLING ECOSYSTEM-BASED ADAPTATION (EBA) AND NATURE BASED INSURANCE SOLUTIONS IN THE PHILIPPINES April 15, 2024 BUILDING RESILIENCE INDEX (BRI) March 15, 2023 CYBER SECURITY INSURANCE October 21, 2022 "THE IMPORTANCE OF INSURANCE VIS-A-VIS CLIMATE CHANGE” October 20, 2022 PNB - PIRA ON ECONOMIC BRIEFING April 6, 2022 HOW INNOVATIVE FINTECH SOLUTIONS COULD ADDRESS THE GAPS OF HEALTHCARE FINANCING IN THE PHILIPPINES March 2, 2022 PIRA - KPMG ON DECODING DATA + ROBOTICS January 27, 2022 PIRA-DOST-PHIVOLCS VIRTUAL FORUM ON SPECTRAL ACCELERATION MAPS OF THE PHILIPPINES (SAM PH) ATLAS November 10, 2021 PARAMETRIC TYPHOON & HEAVY RAINFALL INSURANCE IN THE PHILIPPINES August 9, 2021 PIRA - PNB ON ECONOMIC BRIEFING July 8, 2021 HOW TO GET STARTED ON ROBOTIC PROCESS AUTOMATION (RPA) March 22, 2021 "CLOSING THE GAP - CYBERSECURITY AND THE INSURANCE INDUSTRY" DAY 2 February 5, 2021 "CLOSING THE GAP - CYBERSECURITY AND THE INSURANCE INDUSTRY" DAY 1 February 4, 2021 D-RIVE GO TELEMATICS PROPOSITION WEBINAR November 25, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 2, SESSION 5 October 29, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 2, SESSION 4 October 21, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 2, SESSION 3 October 13, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 2, SESSION 2 September 30, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 2, SESSION 1 September 23, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 1, SESSION 5 May 27, 2020 AIRDC WEBINAR - COPING WITH COVID-19: A PHILIPPINE NON-LIFE INDUSTRY SITUATIONER May 26, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 1, SESSION 4 May 20, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 1, SESSION 3 May 13, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 1, SESSION 2 May 7, 2020 PIRA-IIAP-CPI WEBINAR SERIES SEASON 1, SESSION 1 April 22, 2020 ICD-PIRA Roundtable Discussion on Corporate Governance for Insurance Companies Oct 23, 2024 ENABLING ECOSYSTEM-BASED ADAPTATION (EBA) AND NATURE BASED INSURANCE SOLUTIONS IN THE PHILIPPINES Apr 15, 2024 PIRA Road Safety Campaign Kickoff Takes Off with Positive Support from Insurance Commission Dec 3, 2023 ORSA Training by AM Best Aug 23, 2023 BUILDING RESILIENCE INDEX (BRI) Mar 15, 2023 CYBER SECURITY INSURANCE Oct 21, 2022 "THE IMPORTANCE OF INSURANCE VIS-A-VIS CLIMATE CHANGE” Oct 20, 2022 1 2 3 4

PIRA INITIATIVES Climate Change & Disaster Resilience Insurance Education Compliance Legislative Advocacy

PIRA is the umbrella organization representing the collective interests of the non-life insurance industry in the Philippines since 1954. NEWS PIRA'S Executive Director Re-elected to the ARISE Philippines Board of Directors PIRA Joins OECD and OPASRC in Shaping the Philippines' Path to Climate-Resilient Public Finance Before the Heat Hits and the Deluge Starts: What a Super El Niño Demands from All of Us The Philippine Insurers and Reinsurers Association (PIRA) is proud to announce that its Executive Director, Michael Rellosa, has been re-elected as a member of the ARISE Philippines Board of Directors for the 2026–2029 term. 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. THE Pacific is warming again, and the warning lights are already on. The Philippine Atmospheric, Geophysical and Astronomical Services Administration has raised its El Niño alert, pegging the probability of onset between June and August 2026 at 79 percent, with European models flagging the possibility of a record-breaking “super” event that could stretch into 2027. The last strong El Niño in 2023 to 2024 cost Philippine agriculture roughly P57 billion. A super event would be worse, and the country must not be caught flatfooted. July 24, 2026 Read More July 15, 2026 Read More June 4, 2026 Manila Times Member Companies To play, press and hold the enter key. To stop, release the enter key.