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Apr 2021

Philippine insurers hold Regional Dialogue

Source: Asia Insurance Review | Nov 2016

Top leaders of the Philippine non-life insurance industry gathered recently to discuss the hottest issues affecting them during the 2016 PIRA Regional Dialogue with the theme “One World, One Future” at the New World Hotel in Makati City, Philippines.
   The Philippine Insurers and Reinsurers Association or PIRA is the industry association that speaks for the non-life insurance industry in the Philippines.
   A powerhouse cast of speakers provided the industry with world-class insights and perspectives.
   ASEAN Insurance Council Chairman Michael Rellosa gave the keynote for the morning session with his presentation on globalisation and its effects on PIRA and member countries of ASEAN.
   He was followed by Google Philippines country head Kenneth Lingan who talked about Winning Moments in a Mobile-First Era.
   Bona Santiago and Fabian Lum Wai Kit of Merimen Technologies presented a glimpse of the future of insurance and they were followed by Ashish Jain from AIR Worldwide who spoke about the importance of sub-perils like liquefaction, tsunami and storm surge in risk management.
   Singapore Tourism Board’s Grace Cuenca presented exciting prospects for Philippine insurers going to the island state.
Coping with change
She was followed by Department of Transportation Undersecretary Raoul Creencia who provided the afternoon keynote on the change Filipinos want to see.
   Philippine Institute of Volcanology and Seismology Director Renato Solidum gave an update on the feared Big One earthquake while Oscar Lizardo of Project NOAH spoke on how science could help insurers cope with change.
   Lawyer Jorge Brania of the Insurance Commission talked on money laundering and insurance and House Deputy Speaker Miro Quimbo provided a legislative update on the country’s tax reform, with particular focus on the heavy tax burden that insurers bear.
   The PIRA Regional Dialogue was presented by the National Reinsurance Corporation of the Philippines, Merimen Technologies, Phils Inc and Singapore Tourism Board, with major sponsors, AIG Philippines Ins Inc, AIR Worldwide, Asia Reinsurance Brokers, BPI/MS Insurance Corp, and Malayan Insurance Co Inc.
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