Feature Interview

Revised 2025 start date for Philippines Catastrophe Insurance Facility

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.

By Aaron Woolner

October 22, 2024

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7 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.