You may have encountered the phrase “Acts of God” when reading about news on typhoons, floods, earthquakes, and volcanic eruptions. This refers to any event that is accepted legally as outside of human control. Though often used in insurance policies, the term was first seen in religious texts dating back to the 13th century. The French phrase “force-majeure" is its closest equivalent and refers to unavoidable accidents that cause a certain financial loss. We interviewed Mr. Michael Rellosa, executive director of the Philippine Insurers and Reinsurers Association (PIRA) to once and for all clarify this issue. Here is a basic Question-and-Answer guide to understanding AOG based on his answers. QUESTION: Is AOG a type of insurance? RELLOSA: No. AOG is a type of peril that may result in a loss. You buy an insurance for AOG. But AOG in itself is not a type of insurance. QUESTION Why blame God for damages caused by nature? RELLOSA: The insurance industry does not blame God when it calls typhoons, floods, earthquake,  and volcanic eruptions as AOG. It is just a nomenclature invented by legal experts in Western countries which was later adopted by the rest of the world. It is by no means a way of putting blame on anyone, much more God. QUESTION: Why still call it Acts of God? RELLOSA: In 2009, after the flooding caused by tropical storm Ondoy, the Philippine Insurers and Reinsurers Association (PIRA) which is composed of all non-life insurance companies in the country, has recommended the use of the phrase Acts of Nature (AON) in place of Acts of God. Many PIRA companies now use AON. QUESTION: Is Acts of God or Acts of Nature standard in insurance policies for homes and cars? RELLOSA: No. AOG or AON remains a standard exclusion in the Fire insurance of your home or the insurance for your car. You have to pay an extra premium for such additional peril. In motor car insurance, you get it as AOG which refers to typhoon, flood, earthquake and volcanic eruption. For property insurance, however, typhoon, earthquake and flood are combined as one peril while volcanic eruption is treated as another separate peril. This is done to give the insuring party the chance to evaluate his or her risks and decide on buying insurance only for those that he or she is exposed to. QUESTION: How much is the extra cost for AOG or AON? The cost is a minimum of 0.5 percent or half percent of the sum insured. So if you have a car that costs P1 million, you need to pay at least an extra P5,000 to insure it for AOG. It may look expensive at first glance, but if you think of the chances your car will be damaged by typhoon, earthquake, flood or volcanic eruption, that extra amount seems a very good investment. QUESTION: Can you buy insurance just for AOG without buying insurance for fire for your house or comprehensive insurance for your car? No. The AOG — which, for property insurance includes only typhoon, flood and earthquake — is just an add-on to the Fire policy or an add on to the Comprehensive Motor Car policy. For property insurance, you have to pay an additional rate of 0.15%. The rate for volcanic eruption, however, is not fixed and varies from one insurance company to another. Insurance companies compute this rate based on the property’s proximity to an active or dormant volcano, as well as the historical events related to such a volcano. QUESTION: What do I need to show to my insurer to make a claim for AOG? RELLOSA: The basic documentation to prove your ownership of the insured car or property, plus proof of the damage incurred. In most cases, these include pictures and certification from authorities that your area was indeed hit by the typhoon, earthquake, flood, or volcanic eruption. QUESTION: Do I have to pay anything when making a claim for AOG? RELLOSA: Yes. Insurers usually require a deductible or participation fee for your claim. The deductible for AOG is the same as that of Own Damage and may vary depending on the insurance company. For typhoon, flood and earthquake claims in property insurance, it is often pegged at 2% of the affected item or a minimal amount, whichever is higher. For volcanic eruption, the deductible is never fixed. FINAL NOTE: Insurance is a contract between the insured and the insurance company. As in all contracts, it is best to read what is included or excluded in the agreement to avoid confusion and misunderstandings when claims arise. If you have questions on anything about non-life insurance, visit PIRA’s website at www.pirainc.com or the Philippine Insurers and Reinsurers Association Facebook page.

For many years, the Insurance Commission (IC) has been a key player in every Filipino’s aspirations of financial security. Guided by its mandate to help provide financial risk protection, the Commission has relentlessly developed and implemented plans and policies for the insurance, pre-need, and health maintenance organizations (HMOs) industries in the country. Creating a competitive and inclusive environment that benefits all its stakeholders has led to accomplishing outstanding achievements as an institution. by the ASIA INSURANCE REVIEW

The Financial Stability Coordination Council (FSCC) held its 4th quarter meeting and assessed the possible consequences of the emerging synchronized slowdown in growth. Building on new results from the behavioral models designed by the FSCC Secretariat, evidence that the market has entered into a "risk-off" mode was considered. A "risk-off" condition describes a market situation when uncertainties have increased. As a result, some investors respond by tempering their risk appetite while more risk aggressive investors search for higher yields. "The Philippines continues to enjoy one of the highest growth rates in the world but the FSCC is taking the pre-emptive move of assessing the possible consequences of the global growth moderation," said BSP Governor and FSCC Chairman Benjamin E. Diokno. The Council also discussed its various communication initiatives that would raise awareness of financial stability to varied audiences. Various audio-visual presentations are being finalized and would soon be made available to the public. The FSCC is chaired by the BSP Governor and is composed of the Department of Finance, the Insurance Commission, the Philippine Deposit Insurance Corporation, the Securities and Exchange Commission as well as the BSP as member institutions. It is the venue for financial market authorities to identify, monitor, manage, and mitigate the build-up of system risk in the Philippine financial system.

The Philippine Insurers and Reinsurers Association (PIRA), announces the appointment of an educator and a retired banker as two new independent directors for the next three years,  Dean Rodolfo “Rudy” Ang and Ms. Carmela “Carlette” Pama, respectively. Dean Ang heads the Ateneo de Manila University’s Graduate School of Business while Ms. Pama has recently retired as Chief Risk Officer of the Philippine National Bank. The two are the first independent directors of PIRA since the association revised its bylaws in preparation for its bid to be a Self Regulatory Organization. PIRA Executive Director Michael F. Rellosa said Dean Ang and Ms. Pama will be assets to PIRA. “We are honored to have Dean Rudy Ang and Ms. Carlette Pama in our board. Their wisdom, experience, and network will surely be an asset to our association,” said Rellosa, a classmate of Ang’s in college. Dean Ang completed his undergraduate studies at the Ateneo de Manila University, earning a double degree, AB Communications and BS Management (Honors program), Magna Cum Laude, in 1983. He earned his MBA at Boston College in 1988, graduating number one in his class. He is a PhD candidate of the University of the Philippines, where he completed all of his academic requirements except his dissertation. Ms. Pama, meanwhile, is a Certified Public Accountant from the University of the Philippines. She has an MBA from New York University’s Leonard Stern Graduate School of Business and has over 30 years of experience in financial markets and information technology. She has worked for Citibank and Banco Santander in various positions of critical responsibilities and for PNB as Chief Risk Officer/Data Privacy Officer. Prior to her entry to PNB, she was Practice Manager of Oracle Consulting Services for the Philippines. Ms. Pama is the wife of retired Philippine Navy Vice Admiral Alexander Pama who now heads the National Disaster Risk Reduction and Management Council (NDRRMC).

The government needs to streamline its regulations if it wants the insurance industry to grow and be at par with those in more advanced countries in the region. In a public consultation organized by the Development Academy of the Philippines (DAP), Mr. Michael Rellosa, executive director of the Philippine Insurers and Reinsurers Association (PIRA) said the insurance industry is already faced with a myriad of challenges, and the biggest challenge of all is the overlapping regulations that insurance companies have to comply with. “We have to work out a system where the various regulators agree on certain rules that would eliminate overlaps, redundances and duplication of reportorial requirements. We also need a system that would promote a common understanding and acceptance of definitions, formulas and concepts,” Mr. Rellosa said. Serving as a research fellow for DAP’s Modernizing Government Regulations project for the insurance industry, Mr. Rellosa facilitated stakeholders consultations and industry dialogues in Metro Manila, Davao and Cebu in October 2019. These dialogues aim to review existing regulations to streamline unnecessary rules and compliance cost. They advocate the adoption of Good Regulatory Practice and provides capacity-building trainings to government regulators on tools that promote effective regulatory-making process and review. From these consultations and dialogues, Mr. Rellosa was able to gather insights from various industry stakeholders on the issues and problems they encounter relative to government regulations. “Our industry is one of the most regulated industries with a huge number of regulators, thus resulting to conflicting or redundant reportorial requirements, compliance issues, confusing bureaucracy and stiffled industry growth,” Mr. Rellosa said. The insurance industry’s main regulator is the Insurance Commission (IC), which, according to the  research is composed by new officers with a relatively short experience in the industry and a limited understanding of the concepts and principles of insurance. These same officers even have new responsibilities as insurance-like industries such as Health Maintenance Organizations (HMOs), pre-need companies and Mutual Benefit Associations (MBAs) have been put under their watch. As if being regulated by the IC is not enough, insurance companies also report to the Securities and Exchange Commission, the Bureau of Internal Revenue, the Anti-Money Laundering Council. the Data Privacy Commission, the Local Government Units, the Supreme Court, the Department of Public Works and Highways, the Anti-Competition Commission, and the Bureau of Fire. Further complicating the situation is the fact that insurance companies are hard pressed to comply with the minimum capitalization requirement of P1.3 billion by 2022 as well as the International Financial Reporting Standards (IFRS) 17 also by the same year. On top of all these, insurance companies have to contend with a lackluster investment climate, the low premiums caused by cut-throat competition, and the increasing number of natural and man-made catastrophes. “We really have to review and streamline regulations in order to help the industry hurdle these challenges. Regulations are there to provide order and ensure protection to the insuring public. But they should also promote growth and a sense of service to those being regulated. If not, these regulations will feel more like a noose threatening to strangle the industry,” Mr. Rellosa said.

The year 2019 is shaping up to be a banner year for our industry. Figures released by the Insurance Commission (IC) in August showed that for the first half of the year, the non-life insurance sector already registered a 12-percent increase in gross premiums. The IC expects this growth to hold up for the remainder of the year as all economic indicators point to an upward trajectory. The fourth quarter though was hit by several large loss events such as the Star City fire, the Mindanao earthquakes and the recent Typhoon Tisoy. I have been reflecting on the challenges that we face in the industry, and I observed that many of them have been present for many years already. They seem to be like giant jigsaw puzzles that take a long time to solve. And when we think that we are already about to solve a puzzle, we realize that there are still some missing pieces. One thing is clear, however. These puzzles can be solved. We will find the missing parts one piece at a time and complete these puzzles eventually. The important thing is we’re getting closer to solving them. I identified six main puzzles that we’ve been working on all these years, and in this report, I will give updates on what we have accomplished in 2019 towards solving them. (PUZZLE 1) The first puzzle that we’ve been trying to solve is how to influence regulation and taxation to support our industry and our customers. In 2019, we worked on several initiatives that fall under this puzzle, namely, 1) Insurance tax reduction; 2) Non-admitted Assets; 3) IFRS17; 4) Allowed investments by insurance companies; 5) Insurance Code amendments; and 6) Participation in regulatory reviews and industry groups such as the ASEAN Insurance Council Meetings. We all know that insurance did not make it to the Tax Reform for Acceleration or Inclusion or simply TRAIN law. Nevertheless, we continued our bid for lower taxes on non-life insurance products in the next phases of this TRAIN law. So far, the proposal to reduce documentary stamp taxes by 1% each year for the next five years is now in both the upper and lower house versions of the TRAIN Law Package 4 bill. On Non-Admitted Assets, we’ve achieved several concessions from the IC on admissible assets. The remaining ones in discussion are the admissibility of installment premiums and prepaid taxes. The IC also heeded our call to defer the implementation of IFRS 17 to January 2023 in view of the complexity of this new accounting standard. On top of this, our Finance Committee has also convinced the IC to expand the list of investments of insurance companies. Our Finance Committee plans to meet and partner with banks to develop a scope of possible investment for insurance companies. Together with the IC and the Philippine Life Insurance Association (PLIA), we are working on fresh amendments to the Insurance Code, including keeping the minimum capital requirement at 900 million pesos, which the IC is supportive of. Also included in this puzzle of influencing regulation is our participation in regulatory review activities of the World Bank and the Development Academy of the Philippines. Both agencies are doing reviews of the regulations affecting the insurance industry, looking into ways to make regulation more effective, efficient and inclusive. We also regularly provide inputs to lawmakers particularly in the area of environmental protection. For example, we gave input to the Senate on their proposed bill to introduce a Mandatory Environment Insurance to protect our natural resources. And lastly, we actively participate in the ASEAN Insurance Council (AIC), which is composed of all the insurance associations in the ASEAN countries. The AIC promotes the development of insurance in the region and helps regulators to harmonize insurance regulation within ASEAN. In this regard, we are proud to note that we have been elected to chair two of the four committees of the AIC. The Reinsurance Working Committee is chaired by myself while the Education Committee is chaired by our PIRA Executive Director, Mr. Michael Rellosa. You may also be excited to know that the annual AIC and regulators meetings will be held here in the Philippines next year. The event will be jointly organized by PIRA, PLIA and the IC. (PUZZLE 2) The second puzzle we’re trying to piece together in PIRA is supporting the healthy development of our industry and our member companies. As industry leaders, our members look to us for direction and guidance. This is the reason why we have different committees in PIRA that work on specific concerns. Allow me to acknowledge some of their efforts. Our Finance Committee has been working tirelessly to help our members transition to IFRS 17. They have collaborated with Price Waterhouse Cooper for a series of seminars and for an industry-wide impact assessment. Our Motor Car and IT Committees, meanwhile, have worked hard in improving our COCAF system or the Certificate of Cover Authenticating Facility. The system’s linkages with those of the Insurance Commission and the Land Transportation Office have been enhanced. These Committees also organized a system penetration testing to ensure that our COCAF system is secure. The Motor Car Committee also reviewed the industry’s Motor Car Premium Rates to address the changing times. Rate increases that go with certain benefit increases have been proposed to the Insurance Commission. Our Legal Committee and the technical working group on Standard Wordings and Clauses have been introducing and revising standard clauses for various lines. In addition, the Standard Broker’s Agreement, which was drafted as early as last year, is close to finalization with the IC. The Legal Committee also led the discussions on the landmark RCTPL case which has been appealed to the Supreme Court already. There is also a growing clamor from our members for PIRA to step up in its role as a Rating Organization to address predatory pricing that leads to cut-throat competition in the industry. We have discussed this with the Insurance Commission, and the IC has made our Technical Committee a part of its Technical Working Group on Risk Evaluation, Pricing and Rating. This TWG reviews the rates and pricing for Motor, Fire and Surety, and it has already issued a circular outlining the revised rules and regulations for the issuance of bonds and is now reviewing the revised premium rates schedule for Motor Car. These are some of the tangible benefits of being a member of PIRA. The agreements we forge with other industries shorten our learning curve when it comes to technical matters. The systems, the rates and the wordings and clauses – they all reduce the guess work and add certainty to our everyday dealings. PIRA therefore helps minimize the headaches that we will have if we do all the tasks on our own. (PUZZLE 3) The third puzzle is about promoting insurance awareness and education to the general public. We all know that insurance is not as sexy as banking or investments, and whenever we talk about insurance, people get bored or avoid the topic. This puzzle, therefore, is not easy and the bulk of the work in solving it is borne by our Education and Public Relations Committees. For this year, we came up with our initial season of PIRA TV, an Internet TV show discussing the benefits of insurance and giving tips on how to make the most of them. We hope to continue this initiative in 2020 and potentially expand it to include a podcast that we can listen to in Spotify while we drive to and from work. This year, we also continued reaching out to universities to promote insurance as a career. We were able to go to New Era University and to De La Salle University where we also promoted the SUITS or the Select Universities Insurance Training Scholarship Program of the IIAP. I am proud to say that the SUITS Program just graduated its fifth batch – this time with seven management trainees all hired on the spot by several insurance companies or brokers. Another very promising initiative is our discussions with the Department of Education to include Risk Management and Insurance in the Senior High School curriculum. Our Executive Director Mitch Rellosa and our Trustee Butch Rosario met with the DepEd officials on this and they received assurance that this move is aligned with the DepEd’s thrust to promote resiliency to its teachers and students. This will be pursued as a priority in 2020. Meanwhile, our annual observance of the Insurance Consciousness Week in October had a fresh element – the awarding of free accident insurance to traffic enforcers of the Metro Manila Development Authority or MMDA. The event also featured the signing of a Memorandum of Understanding between PIRA and FinTech Philippines to help our industry leverage the use of technology. PIRA also once again supported the annual Philippine Insurance Summit last April and mounted a very successful Philippine InsurTech Conference in September. Through these events, we provide our members access to new insights from both local and foreign participants. And finally, this year saw the launch of three books. Our former Chairman Dr. Jun Benedicto launched his second book “The Business Insurance and Risk Management” as an official PIRA publication. Our Surety Committee also launched the “Surety Case Digest” which contains landmark court rulings related to bonds. And thirdly, PIRA released its Code of Ethics booklet that lists up all the things required of us as insurance professionals and members of PIRA. (PUZZLE 4) Now we go to the fourth puzzle: Advocating disaster resiliency and financial inclusion through government and industry cooperation. PIRA’s Technical Committee is very much involved in ongoing discussions to develop the Philippine Catastrophe Insurance Pool or Facility. The IC has created a Technical Working Group for this as it sees the importance of a mechanism that will increase our country’s resilience against the impact of natural disasters. Initial talks are focusing on the proposal for cessions of a specified proportion of all catastrophe risks to the CAT Pool which will distribute the risks to subscribing authorized insurers by way of reinsurance in accordance with their risk appetites. On crop insurance, our technical experts are also very much involved in the agriculture insurance pilot project of the Philippine Crop Insurance Corporation with assistance from the Asian Development Bank. Lastly, PIRA is also collaborating with the German International Cooperation or GIZ-funded initiative to promote Climate Risk Insurance for the poor. The project is participated by various government agencies and the national task force, where PIRA is a member, is chaired by the Philippines’ national treasurer. (PUZZLE 5) The fifth puzzle involves strengthening PIRA’s role and governance, thereby creating a positive image for the non-life insurance industry. In 2019, we continued to address this by revising PIRA’s bylaws, developing and publishing an industry Code of Ethics, overhauling our website, and conducting a Trust Survey among our members. Our new bylaws have been formally approved by the Securities and Exchange Commission, and I believe that in 2020, we can take our discussions further to establish our direction on whether or not to become an SRO. As a precursor to this, we have commissioned a professor from La Salle to do a Trust Survey on our members since we know that if we agree to pursue becoming an SRO, we need to have the full trust and confidence of our members. The objective of this Trust Survey is to hear our members’ thoughts about our association – if they think PIRA fulfills its roles and how it can further improve. This Trust Survey has already started this month, so I guess some of you have been approached already for interviews. We will greatly appreciate your support and utmost cooperation on this. We expect the results to be presented by the second quarter of next year. (PUZZLE 6) And finally, our sixth and final puzzle is about fostering unity, goodwill and camaraderie among our members. For this we organized the 6th PIRA Networking Golf Tournament at The Riviera. The feedback we received from players and sponsors were overwhelming. Many are already asking us if we could organize this tournament more than once a year. But fostering unity, goodwill and camaraderie will not be achieved through a mere golf tournament. We must come up with ways to communicate better and work together as one industry association, with a genuine concern for the common good not for just for our own. For me, this sixth puzzle serves as a prerequisite in solving the other ones. Without unity, goodwill and camaraderie, our efforts in solving the other five puzzles would be futile. But by solving this puzzle, all the other puzzles would be easier to solve. Because by then, we will be thinking and working as one. On behalf of the PIRA Board of Trustees, I’d like to thank you for your continued efforts and support to PIRA and the industry. Congratulations to your achievements in 2019 and I wish you even greater success in 2020! by Allan R. Santos, Chairman, Philippine Insurers and Reinsurers Association (PIRA) View the full report here.

PIRA Executive Director Michael Rellosa and Insurance Commission Deputy Commissioner Ferdinand Florendo participate in the workshop on Agriculture Insurance conducted by the Philippine Crop Insurance Corporation.

Current Status and Outlook: Typhoon KAMMURI (TISOY) has maintained its strength and movement as it moves closer to Bicol Region. This typhoon is expected to make landfall over Eastern Bicol by early tomorrow morning (Tue).  Its rainbands now spreading across Bicol Region and Eastern Visayas. 24-hr Outlook: TY KAMMURI (TISOY) is forecast to slow down slightly while moving westward at a decreased forward speed of 18 km/hr and could become a Category 3 Typhoon with winds of 170 km/hr later this afternoon…and shall be in the vicinity of Northern Albay and Camarines Sur by early tomorrow morning. Meanwhile, this typhoon will enhance the Northeast Monsoon (Amihan) and bring breezy conditions with some chances of passing “on-&-off” rain showers and thunderstorms across most parts of Luzon today through Tuesday (Dec 03). The seas will be rough and dangerous to sea crafts. Where is TY KAMMURI (TISOY)? As of 5:00 AM PhT today, December 02 2100 GMT. The ragged eye was located over the western part of the Central Philippine Sea (near 13.1°N 127.1°E), about 319 km east of Virac, Catanduanes or 426 km east of Naga City, Camarines Sur. How strong is it? Maximum Sustained Winds (10-min avg): 140 kph near the center…Gustiness: 170 kph. Past Movement (06 hrs)West @ 25 kph, towards the Bicol Region. Potential Philippine Landfall Area(s) :: Landfall 1 – Along Tiwi, Albay, between 2 to 3 AM Tuesday local time  (Dec 03) – with High Strike Probability of 95%. :: Landfall 2 – Along San Narciso-Mulanay-Catanauan Area (Southern Quezon), between 7 to 9 AM local time on Tuesday (Dec 03) – with High Strike Probability of 90%. :: Landfall 3 – Along Alobo-Sta. Cruz-Mogpog Area (Marinduque), between 10 to 11 AM local time on Tuesday (Dec 03) – with High Strike Probability of 90%. :: Landfall 4 – Southern Coastal Barangays of Batangas City (Batangas), between 1 to 4 PM local time on Tuesday (Dec 03) – with High Strike Probability of 90%. What Philippine areas will be directly affected? Heavy to Extreme Rains (50 mm to >100 mm expected): >> Bicol Region & Samar Provinces – beginning Today (Monday) through Tuesday (Dec 03). >>Eastern and Central Luzon, Metro Manila, CaLaBaRZon, Mindoro, Marinduque, Romblon – beginning late this Afternoon (Monday) through Tuesday (Dec 03). Damaging Winds (gusts of more than 100 km/hr expected): >> Catanduanes, Albay, Sorsogon, and Camarines Provinces – beginning this Afternoon or Evening (Dec 02) through Tuesday Noontime (Dec 03). Potential Storm Surge/Coastal Flooding Areas+:: Coastal Areas of Quezon, Bicol and Samar Provinces – beginning Today (Monday). +Waves of 3 meters in height is expected in storm surge-prone areas, particularly in coastal areas on where the Tropical Cyclone is headed. Kindly visit the PAGASA Storm Surge Updates  for more details. 3-Day Forecast Outlook Summary** TUESDAY EARLY MORNING Makes landfall over Tiwi, Albay as it weakens to Category 2, begins to traverse Camarines Sur on a westward track…about 12 km SE of Sagñay, Camarines Sur [2AM Dec 03: 13.5°N 123.6°E @ 165kph].  Confidence Level: HIGH. WEDNESDAY EARLY MORNING: Over the West Philippine Sea as it weakens into a Category 1 Typhoon after traversing Southernmost Batangas and Lubang Island…about 131 km WSW of Olongapo City, Zambales [2AM Dec 04: 14.3°N 119.2°E @ 120kph].  Confidence Level: MEDIUM. THURSDAY EARLY MORNING: Weakens into a Tropical Storm (TS) as it is about to exit the western border of the Philippine Area of Responsibility (PAR)…about 405 km W of Alaminos City, Pangasinan [2AM Dec 05: 16.0°N 116.2°E @ 85kph].  Confidence Level: MEDIUM. **Important Note: Please be reminded that the Forecast Outlook changes every 6 hours, and the Day 2 and 3 Forecast Track have an average error of 100 and 250 km respectively… while the wind speed forecast error, averages 35 km/hr per day. Therefore, a turn to the left or right of its future track and changes in its wind speed must be anticipated from time to time. Other Storm Info> 24 hr. Rain Accumulation (across its circulation): 25 to 450 mm [Light to Extreme] > Minimum Central Pressure: 970 millibars (hPa) > Size of Circulation [Convective Cloud-Based, in diameter]: 720 km (Medium) > Area of Damaging Winds (100 kph or more wind gusts): 125 km from the center Additional InformationTime/Date: 5:00 AM PhT Mon December 02, 2019 Location of Center/Eye: Near 13.1°N Lat 127.1°E Lon Distance 1: 368 km E of Legazpi City, Albay Distance 2: 402 km E of Iriga City, Camarines Sur Distance 3: 334 km E of Sorsogon City, Sorsogon Distance 4: 360 km ESE of Caramoan, Camarines Sur Distance 5: 672 km ESE of Metro Manila 24 hr. Forecast Coordinates (Class): 13.5°N 123.6°E (TY) 48 hr. Forecast Coordinates (Class): 14.3°N 119.2°E (TY) 72 hr. Forecast Coordinates (Class): 16.0°N 116.2°E (TS) Information based on data collected by WeatherPhilippines Foundation, Inc. shall not be taken as official data. Weather information broadcasted and distributed by PAGASA remains as official data. WeatherPhilippines shall not be responsible for the private use and reliance of its weather information. Issued by: David Michael V. Padua for WeatherPhilippines

Some 62 non-life insurance executives drove all the way to Silang, Cavite on June 14, 2019 to bond together for the 6th PIRA Networking Golf Tournament organized by the Philippine Insurers and Reinsurers Association (PIRA). The non-life insurance executives included several company presidents, vice presidents and officers/stakeholders, mostly decision makers from non-life insurance companies took time off from their busy schedules to enjoy the fun and camaraderie that the PIRA Networking Golf offered, in celebration of the 65thanniversary of the Association. PIRA Chairman Allan Santos said the tournament was a "huge success" considering the number of participants and sponsors, and the overall feel it gave to everyone who played. He congratulated the PIRA Team for organizing the event and for making it truly special and memorable. PIRA Networking Golf Tournament Director Joel Libo-on thanked everybody who joined and promised to even make the event better next year. "We're already getting good at it in terms of organizing. We'd like to make it even better next year," he promised. For his part, PIRA General Manager Roger Concepcion thanked all the companies that supported the tournament led by Major Sponsors MERIMEN Technologies Philippines, Inc., Maxicare Healthcare Corp., National Reinsurance Corporation of the Philippines (NatRe), Personal Accident Managers Inc., (PAMI) and Stradcom. He also thanked the Hole Sponsors Asia Reinsurance Brokers (ARB), Computer Professionals Inc. (CPI), Grupo Ceguro Insurance Agency, Inc., Malayan Insurance Company, Inc., The New India Assurance Co., Ltd., NTT Data Philippines, Inc., Pacific Cross Insurance, Inc., Stronghold Insurance Co., Inc., UCPB General Insurance Co., Inc. and 3i Infotech Sdn Bhd. Single-handicapper Jun Villar of Auto Home Motor Works played an almost flawless game, carding 13 pars and 1 birdie to register the lowest gross score of 75 and emerge as overall champion of the tournament. Jimmy Reyes of GBG, meanwhile, hit 3 birdies and six pars to register the lowest net of 69 in the System 36 event. He won over Class A champion BJ Cebero who also finished with a net of 69, with 3 birdies but with only 4 pars. Cebero of Philippines First Insurance ruled the Class A, beating Longest Drive winner Werhner Parrel who logged a net of 71 with 1 birdie and 7 pars. Parrel edged 3rd placer Arturo dela Paz who also finished with a net 71, with 1 birdie but with only 4 pars. Class B was dominated by Kenichi Nakagawa of BPI/MS Insurance Corp. who made 2 birdies and 2 pars to finish with a net of 71 from a gross of 93. He was followed by David Mercado Jr. with his net 72 from his birdieless, 4-par round. Third placer for Class B went to Mandy Malabanan who finished with 73 despite scoring a birdie on hole 2. “PIRA@65: Working Together, Getting Stronger” For the Class C, the championship was a toss-up between Vir Cruz and Jhun Benedicto who carded identical gross scores of 101 and net cores of 76. A countback showed that Cruz of Milestone Guaranty edged Benedicto in the back nine, earning him the title. The Class C third place trophy went to Mon Roco who had a gross of 105 and net of 76. For the Ladies, Joy Bunda was awarded the Champion trophy with a gross of 89 and net of 73. The tournament also awarded prizes to Fun Holes winners, namely, Longest Putt (Joel Libo-on), Longest Drive (Werhner Parrel), Most Accurate Drive (Nino Lojo), and Nearest to the Pin (Lito Bantayan).