Michael Rellosa, Executive Director of the Philippines Insurance and Reinsurance Association (PIRA) says the use of fixed tariffs has hampered attempts to launch the PCIF.
The ICA, ICNZ and other industry groups have jointly written to their respective Prime Ministers calling for the issue to be put on the Commonwealth Business Forum agenda.
With six of the ten largest life insurers globally, Asia offers reinsurers the chance to strike new asset intensive reinsurance deals before the pipeline in mature markets starts to dry-up.
