As it continues the liquidation process, The Philippines' insurance regulator, the Insurance Commission, has revealed that Danvil has paid out over PHP1.62bn ($26.31m) in claims. According to a statement from the Insurance Commission, this represents payment to 17,274 claims during Danvil’s liquidation and 15 claims after the formal closure of liquidation proceedings on 6 March 2026. Pre-need firm Danvil was placed under conservatorship on 14 October 2010 and was subsequently placed under liquidation on 16 December 2014. Distribution to planholders commenced in December 2016. The continuing distribution to planholders marks the culmination of more than a decade of liquidation proceedings and efforts to settle the claims of affected planholders. The regulator also noted that as of 22 May 2026, 7,681 planholders have yet to claim their cheques, and that Danvil is currently sending out notices to the remaining claimants to facilitate the release of their claims. “The settlement of these claims reflects the continuing commitment of the Insurance Commission and the liquidator to protect the interests of planholders and ensure that they receive the benefits due to them,” Insurance Commissioner Reynaldo Regalado said. “We encourage all remaining claimants to coordinate with Danvil and complete the necessary requirements for the release of their claims.” Source: www.asiainsurancereview.com

The Philippine Health Insurance Corporation (PhilHealth) has paid out PHP143.22bn ($2.32bn) in benefit claims nationwide from 1 January 2026 to 30 Apri, 2026, marking a 56.15% increase compared to the PHP91.72bn released during the same period last year, reported the Philippine News Agency. PhilHealth said the increase in benefit payments reflects the state insurer’s continued effort to expand health coverage and improve access to medical services for Filipinos. Data showed that benefit payments to private health facilities reached PHP84.65bn in the first four months of 2026, up by 58.16% from PHP53.52bn recorded in the same period in 2025. On the other hand, payments to government health facilities rose by 53.33% to PHP58.57bn from PHP38.20bn last year. PhilHealth said more than 9.1m Filipinos received medical assistance during the four-month period. The state insurer added that contributions from members helped provide strength and hope to patients and families facing health challenges. It also assured the public that it would continue improving and expanding its healthcare programmes to ensure that more Filipinos benefit from accessible and quality health services. Source: www.asiainsurancereview.com

PIRA is pleased to invite its members to participate in the BRIDGE Sustainable Finance Training Programmes, supported by the ASEAN-UK Green Transition Fund. These complimentary sessions are designed to deepen our understanding of climate strategy and sustainable investment. Two distinct tracks are available: 1. Championing Sustainable Finance for Executive Impact Target: C-Suite and Senior Executives Format: Two virtual half-day sessions (3:00 PM – 6:30 PM GMT+8) Dates: Cohort 1 (June 10-11) or Cohort 2 (June 17-18) 2. Building Future-Ready Sustainable Finance Capabilities Target: Middle Management and All Staff Format: 5 self-paced e-learning modules Availability: May 25, 2026 – February 28, 2027 Interested participants must register by May 31, 2026, via the following links: Executive Training - https://forms.office.com/Pages/ResponsePage.aspx?id=oJQyUSA-skGpcG0wvxVG-vzNZiORnjNBsfEqZf3IQgpUOTdVUTRLUDdTSEU3WDQ0QVAzRk1SMkVJUi4u E-Learning Series - https://forms.office.com/Pages/ResponsePage.aspx?id=oJQyUSA-skGpcG0wvxVG-vzNZiORnjNBsfEqZf3IQgpUMEhTREVVTTJDTDJGRE5KWE5aOEJOWEtOQS4u Participants will receive a certificate of completion and access to the Regional Sustainable Finance Landscape Report.

PIRA is the umbrella organization representing the collective interests of the non-life insurance industry in the Philippines since 1954. NEWS THE PHILIPPINE INSURANCE SUMMIT 2026 PHILIPPINE INSURANCE SECTOR POSTS STEADY Q1 2026 GROWTH DRIVEN BY RISING ASSETS AND PREMIUMS THE PHILIPPINE INSURANCE INDUSTRY ENTERED 2026 ON SOLID GROUND As the highly anticipated Philippine Insurance Summit approaches, professionals from across the sector are preparing to gather for insightful discussions on the future of the industry. This year’s event promises a robust lineup of speakers, panel discussions, and networking opportunities designed to address the evolving landscape of insurance in the region. To ensure you have all the necessary information, please visit the official IIAP website. The Philippine Insurance Industry reported a stable performance in the first quarter of 2026, according to data from Manila's Insurance Commission (IC), supported by continued growth in premiums, invested assets, and benefit payments. Preliminary data from the Insurance Commission shows that in the first quarter alone, the industry paid out ₱43.44 billion in benefits to policyholders and beneficiaries — up from ₱39.01 billion in the same period last year. At the same time, more Filipinos are buying insurance: Total Premiums grew to ₱140.85 billion from ₱124.48 billion, and Insurance Penetration rose to 2.03% of GDP. Total Industry Assets now stand at ₱2.65 trillion. May 28, 2026 IIAP Website May 22, 2026 Read More May 21, 2026 Read More Member Companies To play, press and hold the enter key. To stop, release the enter key.

Industry News Liquidating pre-need firm pays out more than 17,000 claims so far, looking to pay out the rest As it continues the liquidation process, The Philippines' insurance regulator, the Insurance Commission, has revealed that Danvil has paid out over PHP1.62bn ($26.31m) in claims. According to a statement from the Insurance Commission, this represents payment to 17,274 claims during Danvil’s liquidation and 15 claims after the formal closure of liquidation proceedings on 6 March 2026. Pre-need firm Danvil was placed under conservatorship on 14 October 2010 and was subsequently 6 hours ago PhilHealth benefit payments hit US$2.32bn from Jan-April 2026 The Philippine Health Insurance Corporation (PhilHealth) has paid out PHP143.22bn ($2.32bn) in benefit claims nationwide from 1 January 2026 to 30 Apri, 2026, marking a 56.15% increase compared to the PHP91.72bn released during the same period last year, reported the Philippine News Agency. PhilHealth said the increase in benefit payments reflects the state insurer’s continued effort to expand health coverage and improve access to medical services for Filipinos. Data showed t 6 hours ago Invitation: BRIDGE Sustainable Finance Training Programmes PIRA is pleased to invite its members to participate in the BRIDGE Sustainable Finance Training Programmes, supported by the ASEAN-UK Green Transition Fund. These complimentary sessions are designed to deepen our understanding of climate strategy and sustainable investment. Two distinct tracks are available: 1. Championing Sustainable Finance for Executive Impact Target: C-Suite and Senior Executives Format: Two virtual half-day sessions (3:00 PM – 6:30 PM GMT+8) Dates: Coho 2 days ago Philippines and UAE explore health insurance pact for overseas Filipino workers The Philippines and the United Arab Emirates are working toward establishing a formal health insurance arrangement that would extend coverage to Filipino workers in the Gulf state, according to the Department of Health. It is said that the initiative marks a significant step in enhancing protection for one of the Philippines’ largest overseas worker populations. The talks are part of the Philippines President Marcos Jr. administration’s broader push to strengthen the welfare 2 days ago Philippine insurance sector posts steady Q1 2026 growth driven by rising assets and premiums The Philippine Insurance Industry reported a stable performance in the first quarter of 2026, according to data from Manila's Insurance Commission (IC), supported by continued growth in premiums, invested assets, and benefit payments. Total benefit payments reached PHP43.44bn ($776m), higher than PHP39.01bn in the same period last year, reflecting stronger insurance uptake and continued claims support for policyholders. Total assets rose to PHP2.65tn from PHP2.48tn, while tot 6 days ago The Philippine Insurance Industry Entered 2026 on Solid Ground Solid growth and unwavering trust! The Philippine insurance industry entered the year stronger than ever, driven by rising protection awareness and a highly resilient non-life sector. Securing the future of Filipinos, one policy at a time. Preliminary data from the Insurance Commission shows that in the first quarter alone, the industry paid out ₱43.44 billion in benefits to policyholders and beneficiaries — up from ₱39.01 billion in the same period last year. At the same ti May 21 1 2 3 4 5 May 2026 (16) 16 posts April 2026 (6) 6 posts March 2026 (6) 6 posts February 2026 (7) 7 posts January 2026 (5) 5 posts December 2025 (3) 3 posts November 2025 (9) 9 posts October 2025 (14) 14 posts September 2025 (7) 7 posts August 2025 (16) 16 posts July 2025 (23) 23 posts June 2025 (18) 18 posts

PHOTOS FROM PIRA 2025 REGULAR GENERAL MEMBERSHIP MEETING Kawayan Ball Room, Balesin City December 9, 2025 View photos 2024 REGULAR GENERAL MEMBERSHIP MEETING San Antonio Room, Makati Sports Club April 25, 2024 View photos 2023 REGULAR GENERAL MEMBERSHIP MEETING The City Club Alphaland Makati April 27, 2023 View photos NON-LIFE SECTORAL MEETING WITH THE NATIONAL PRIVACY COMMISSION IIAP April 24, 2023 View photos PCIF 2 TWG MEETING Makati Sports Club March 27, 2023 View photos BUILDING RESILIENCE INDEX (BRI) IIAP March 15, 2023 View photos TRAINING ON ORSA IIAP February 20, 2023 View photos 2ND INSURANCE COMMISSIONER'S CUP Canlubang Golf and Country Club July 29, 2022 View photos PIRA GENERAL MEMBERSHIP MEETING 2022 Makati Sports Club and via Zoom April 28, 2022 View photos FIRST ONLINE GENERAL MEMBERSHIP MEETING via Zoom June 25, 2020 View photos 2020 PIRA STRATEGIC PLANNING March 2, 2020 View photos 2020 IFRS17 INDUSTRY IMPACT ASSESSMENT PROJECT IIAP March 2, 2020 View photos 2020 THESIS GRANTS PRESENTED TO PIRA PIRA Board Room January 16, 2020 View photos 2020 PIRA CAT FACILITY WORKSHOP IIAP Function Hall January 10, 2020 View photos PIRA EXHIBIT AT THE BSP FIN-ED EXPO SMX Convention Center, Mall of Asia November 25-26, 2019 View photos 2019 PIRA DLSU CAMPUS TOUR DLSU, Malate Manila October 25, 2019 View photos 2019 PIRA IFRS17 MEETINGS AIM Conference Center, Makati City October 28, 2019 View photos