Pool expected to achieve 100% coverage by year's end, but despite positive impact, external pressures appear to be widening Australia's protection gap.
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.
Some customers in higher risk areas are starting to see premium savings, but hard reinsurance market and rising nat cat events mean benefits are less apparent.
