Fellow ASEAN, Due to a high number of applicants, we officially announce that the intake of this month’s ARP: ‘TREATY WORDINGS – A PRACTICAL PERSPECTIVE’ is now closed. While we are aware that most of you are still interested and looking forward to attending the session, we do want to deliver the best experience of the highest quality of our modules, thus we are no longer taking more participants for this intake. However, should you feel the necessity of and are still interested in taking the virtual training on this particular module, we will be more than delighted to re-launch the session on some dates at the end of this year, which will be informed to you further. We hope that we will be able to accommodate your demands by having our remarkable speaker from TII back again. Wish to see you all when that happens and see you soon for those who already have their seat reserved for this month’s session; hope it will be an exciting and beneficial one for you. Thank you very much for your kind attention. Stay Safe & Healthy … About ASEAN Reinsurance Programme (ARP) The ASEAN Reinsurance Programme (ARP) aims to enhance reinsurance education and talent development in the region. It is an initiative under the ASEAN Insurance Education Committee and the ASEAN Reinsurance Working Committee and managed by the Insurance Institute of the Asia-Pacific (IIAP) in collaboration with the Singapore College of Insurance (SCI), the Malaysian Insurance Institute (MII), the Thailand Insurance Institute (TII) and the Dewan Asuransi Indonesia (DAI). The ARP is a first of its kind, multi-pronged holistic talent and professional development initiative that combines technical training programmes with internships in time to come. The Programme is slated for February 2021 kicking off with a 2-hour webinar organized by the IIAP, focusing on reinsurance developments in the ASEAN marketplace. Participants who are interested in the technical training programmes will be encouraged to go through a Reinsurance Primer course and assessment, sponsored by SCI. This Primer covers the basic concepts of reinsurance. Participants can register for the various technical training programmes on a stand-alone basis. For a start, only one intake will be offered in 2021 and we will limit the number of participants to no more than 30 per class. Participants are expected to have a minimum of three years of experience in reinsurance. Copyright © 2021 ASEAN Insurance Council, All rights reserved. Our Mailing Address is : ASEAN Insurance Council Permata Kuningan Building 2nd Floor, Jl. Kuningan Mulia Kav. 9C Guntur Setiabudi Jakarta Selatan - DKI Jakarta 12960 This email was sent to mfrellosa@pirainc.com.ph why did I get this? unsubscribe from this list update subscription preferences ASEAN Insurance Council · Jl. Kuningan Mulia No.9C, RT.6/RW.1, Menteng Atas, Kecamatan Setiabudi · South Jakarta 12980 · Indonesia

SEN. Christopher Lawrence "Bong" Go on Monday honored overseas Filipino workers (OFWs) for their continuing sacrifices by pledging his full commitment in pushing for the passage of a measure that will create the Department of Migrant Workers and Overseas Filipinos (DMWOF). "It is not easy to be alone in a foreign land and to be away from your family for a very long time. It is a showcase of unconditional love," he said. "Yet, I am sure those sacrifices will not be in vain as you will see the fruits of your labor through the smiles and warmth of your loved ones from here to wherever you are in the world."

Chubb, the world’s largest publicly traded property and casualty insurer, has announced the development of its “Pay As You Roam” (PAYR) travel insurance proposition.

More than a quarter of respondents in Asia Pacific (APAC) remain concerned about how they will recover financially from the COVID-19 pandemic, while the topic of mental health rises to the top of consumers' health concerns, as shown in Swiss Re's 2021 APAC COVID-19 consumer survey.

REINSURANCE brokers generated a total of P2.36 billion in premiums and earned P144.81 million in commissions in 2019, the Insurance Commission (IC) said.

The world's top 20 insurance broking groups accounted for just over a half of global insurance broking revenues in 2020, according to rankings and analyses released yesterday by Insuramore, a provider of marketing services and related consultancy with a primary focus on the insurance sector. The rankings indicate that the world’s top 20 broking groups as measured by total insurance broking revenues in 2020 accounted for a combined 52.3% of fees and commissions earned (and the top 250 groups for 78%).

Welcome to our feature update on Natural Catastrophes and Climate Risks. Climate change is one of the biggest challenges of our time, which requires us to take urgent and decisive action. Swiss Re Institute's expertise report The economics of climate change: no action not an option ranks 48 of the world's economies by their susceptibility to climate risk. The results show that the global economy could lose up to 18% of GDP by mid-century if no action is taken, and Asia is among the world's most vulnerable regions, with 26.5% of GDP at risk when faced with climate change. The effects of climate change are evident, most notably in secondary perils. Many of us have experienced it – higher average temperatures, prolonged heatwaves, more extreme wildfire and more severe rainfall and flooding. This year's sigma report on Natural catastrophes in 2020 shows that among the USD 81bn insured losses inflicted by natural disasters last year, more than 70% resulted from secondary perils. In this update, we look back at lessons learned from disastrous events ten years ago, examine the impact of climate change in the years to come and discuss how our industry can help change the risk equation. We believe that together, APAC can lead the way in climate change mitigation, and our industry will play a pivotal role in strengthening the region's resilience. To learn more about Swiss Re's research findings and Property & Casualty solutions, please reach us at PC_Asia@swissre.com or contact your Swiss Re client manager. I look forward to hearing from you. Best regards, Victor Kuk Head P&C Reinsurance Southeast Asia, India, Korea, Hong Kong and Taiwan Mark Senkevics Head P&C Underwriting Asia & ANZ

The insurance Commission (IC) said it has now been cleared to take a unit of College Assurance Plans Philippines, Inc. (CAPPI) into conservatorship, after the Supreme Court (SC) barred the pre-need firm from selling the subsidiary to support its rehabilitation. “With this ruling of the Honorable Supreme Court, the IC can proudly state that it was able to protect the rights and interests of the planholders of CAP Pension (Comprehensive Annuity Plans and Pension), consistent with our mandate under the Pre-Need Code of the Philippines,” Insurance Commissioner Dennis B. Funa said. “The Insurance Commission will now proceed with the conservatorship of the company. But first we will examine the financial condition of CAP Pension as of today to see what assets of the company remain; we will then appoint a conservator to recommend the direction that we will take,” Mr. Funa added.