Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Mar 2017

Country Profile


Philippines

A market coming together

The Philippines insurance market is beginning to consolidate as increases in minimum capital requirements take effect. Premiums are rising as penetration rates, awareness and accessibility of insurance have improved with better microinsurance offerings too. 2017 is looking good. 
 
   We also feature an interview with the newly appointed Insurance Commissioner Dennis B Funa, as well as PIRA on efforts to help industry players in a rapidly changing environment. 
 

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Interview with a Regulator - Leading a new charge to bring insurance to the people

Asia Insurance Review caught up with Mr Dennis B Funa, the Philippines’ recently-appointed insurance regulator who spoke about realising the potential of insurance to protect vulnerable communities in the country, and helping insurers adapt to new rules in the market. 
 

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Leveraging the power of mutual insurance in the Philippines

Ms Jasmine Miow of Peak Re shares how the mutual insurance sector and the commercial insurance market can work together to help insurance buyers in the Philippines.
 

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A thriving risk management scene

The field of risk management is thriving in the Philippines, with the Pan-Asia Risk and Insurance Management Association (PARIMA) highlighting its membership base in the country as the fastest growing. We speak to Ms Annacel Natividad, the Chief Risk Officer of Aboitiz Equity Ventures (AEV), a company that has recently joined the PARIMA board.
 

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