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 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

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 .

Industry News 28th ASEAN Insurance Regulators' Meeting & 51st ASEAN Insurance Council Meeting in Siem Reap, Cambodia 25-28 November 2025 Industry and IC combined Delegation Nov 27 Out-of-pocket expenses continue to be high even as health insurance grows A new study in the Philippines has revealed that the total health spending in the country had reached PHP1.4tn ($23.81bn) in 2024, which translates to about 5% of the country's GDP. According to a news report published in the Philippine daily Inquirer, the study conducted by the Philippine Institute for Development Studies (PIDS) found that the public spending drove most of this growth through the Department of Health, the Philippine Health Insurance Corporation and local gov Nov 24 Regulator issues circular implementing measures to follow with state of calamity In a circular letter, the Insurance Commission (IC), the regulator of the Philippines, ordered all insurance companies and related entities to undertake the following measures whenever a state of calamity is declared in the country: Expedite the processing approval, and payment of claims for damage attributable to said disasters, including relaxation of company procedures and documentary requirements. Extend the period for submitting claim notices and other required documents Nov 21 Philippine insurance industry grows 13% in total premiums 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. Co Nov 17 Letter of Sympathy from GIIJ and GIAJ Nov 12 Philippines leads push for regional disaster insurance scheme in Southeast Asia 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 in Nov 6 1 2 3 4 5 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 May 2025 (17) 17 posts April 2025 (22) 22 posts March 2025 (30) 30 posts February 2025 (15) 15 posts January 2025 (23) 23 posts December 2024 (17) 17 posts

PRIVACY NOTICE Philippine Insurers and Reinsurers Association, Inc. (PIRA, Inc.) is committed not only in implementing but also complying with Republic Act No. 10173. otherwise known as the Data Privacy Act of 2012, with respect to the personal information we collect, record, organize, store, update or modify, use, consolidate, share or dispose. Maintaining your privacy is an important part of our service to members. This Privacy Notice states how we collect, record, protect, store, update or modify, use, consolidate, share or dispose your personal information when you access our website. PIRA, Inc. collects the following information from our members for purposes of communication and carrying out the association’s activities. 1. Full Name 2. Company Address 3. Company Contact No. 4. Email Address 5. Photos Use The collected personal information will be utilized solely for the purposes detailed above, within the association and may be shared to all member companies for purpose of transparency and information. Sources of Information Your personal data will be obtained from the information you provide us through this website or via such other written or verbal communications or documents delivered to us prior to and during the course of our dealings with you, if there be any. Retention After the completion or fulfillment of the Purposes, your Personal Information may be retained by PIRA for record purposes for a period of 2 years and/or for such period as may be permitted by applicable laws, rules and regulations. Rights as Data Subject Pursuant to the Data Privacy Act, you have the right as a data subject to access, correct, withdraw or remove your Personal Information and object to the processing thereof, among your other rights under the Privacy Act. You may also have to right to lodge a complaint with the relevant government agency, with the right to indemnity, for any violation of your rights as a data subject. Protection Measures The personal information, which may include sensitive personal information, are entered and stored within the association’s authorized information and communications system and will only, be accessed by our authorized personnel. We have instituted appropriate organizational, technical and physical security measures to ensure the protection of the personal information collected. Amendment PIRA reserves the right to amend this Privacy Notice from time to time and will make available the updated Notice and secure your consent thereto. Contact Us If you have a complaint or want more information about how PIRA, Inc. is managing your personal information, please contact us at: Office Address: 6th Floor, ALGO Center Building, 162 L.P. Leviste Street, Salcedo Village, Makati City 1227 Telephone Nos.: +63 2 8811 4629; +62 2 8811 4587 Email Address: pira@pirainc.com.ph .

ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES (ESG)

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RISK BASED CAPITAL (RBC)

Speaker : Mr. Ponciano "Kip" Mathay, Crisis Manager Panelists: Mr. Michael F. Rellosa, Executive Director, PIRA Mr. Francisco D. Papa, Jr., Executive Director, IIAP < Back PIRA-IIAP-CPI WEBINAR SERIES SEASON 1, SESSION 3 Date: May 13, 2020 Speaker : Mr. Ponciano "Kip" Mathay, Crisis Manager Panelists: Mr. Michael F. Rellosa, Executive Director, PIRA Mr. Francisco D. Papa, Jr., Executive Director, IIAP Press release https://www.pirainc.com/post/pira-iiap-cpi-webinar-series-season-1-session-3 Previous Next

Events and Seminars Philippine Insurance Cup Golf Tournament 2025 On behalf of the Philippine Insurers and Reinsurers Association (PIRA), Insurance Institute for Asia and the Pacific (IIAP), and the... Sep 9 Philippine Insurance Summit 2025 On behalf of the IIAP and PIRA Boards, Officers, and Staff, thank you to all of you for giving up your precious time and making an effort... Jun 5 The Insurance School (Non-Life) of Japan Overseas Seminar February 18, 2025 | New World Hotel, Makati Organized by the General Insurance Association of Japan (GIAJ), the General Insurance... Feb 25 PIRA Board and Committee Christmas Party 2024 December 18, 2024 | The City Club, Makati Thank you to all PIRA Committee members; your dedication, hard work, and unwavering commitment... Dec 18, 2024 Philippine Insurance Cup Golf Tournament 2024 Thank you to all who participated in this event. A shoutout to our sponsors who made this event possible. May the camaraderie of this... Nov 7, 2024 ICD-PIRA Roundtable Discussion on Corporate Governance for Insurance Companies As part of the 2024 Insurance Consciousness Month Celebration, the Institute of Corporate Directors (ICD) in collaboration with PIRA,... Oct 23, 2024 Philippine Insurance Summit 2024 May 30, 2024 | The New World Hotel, Makati Charting the Path Forward: Implications for the Future of Insurance in the Digital Age - A... May 30, 2024 ENABLING ECOSYSTEM-BASED ADAPTATION (EBA) AND NATURE BASED INSURANCE SOLUTIONS IN THE PHILIPPINES Apr 15, 2024 1 2 3 4 5

PIRA Updates 2025 CSR Conference and Expo Jul 3 Fostering Resilience: Engaging the Private Sector in Agriculture Insurance Jun 25 Insurance Hybrid Capital Assessment in the Philippines Jun 24 Filipinnovation "Digital Transformation in the Age of AI" May 22 MSME Access to Finance for Productivity and Resilience to Climate Shocks Mar 10 3rd NRA National Working Group Meeting - Group 5 Insurance Sector ML Vulnerability Mar 6 National Microinsurance Forum 2025: "Partnerships for Greater Financial Inclusion" Jan 31 PIRA at work in 2024 Dec 27, 2024 PIRA joins GAIP to strengthen re/insurance ties Dec 17, 2024 1 2 3