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.
Four year plan outlines Australian Reinsurance Pool Corporation's approach to enhancing pool effectiveness and affordability amid a challenging nat cat and threat landscape.
