Magazine Table of Contents
Discussions are underway to form a catastrophe insurance pool in the Philippines, while the latest increase in minimum capital requirement is likely to trigger the next wave of market consolidation for the Philippines’ non-life sector.
The Philippines national reinsurer, Nat Re, faces the same challenges as it peers – low interest rates, increasing regulation and Nat CAT – but still manages to come out smiling.
The Insurance Commission has been, for a long time, an important player in every Filipino’s pursuit of financial security. It shall remain an integral part of the equation for the coming years.
Philippine Life Insurance Association (PLIA) president Benedict Sison talks about some of the trends and regulatory changes facing the country’s life insurance industry.
The insurance landscape in the Philippines is an interesting one with 86 players in the primary market serving a population of 105m – suggesting that some consolidation might be in order. The regulator has big plans for the future.
The InsurTech scene in the Philippines is slowly making progress, mainly through the in-house efforts of incumbent insurers and various partnerships with start-ups. We take a look at some of the innovations that have been introduced to the market in the past year.