Partnership aims to strengthen the Philippines' defence against annual US$3.5bn nat cat losses through improved through improved insurance and risk management practices.
AIA Singapore's Chief Customer and Digital Officer will join AIA Philippines as CEO designate, bringing two decades of experience with the insurer when she commences the role on 1 December 2023.
Proposed legislation in the Philippines seeks to introduce a 2% tax on non-life insurance premiums, expanding current taxation which is limited to life insurance premiums.
The country's sole domestic reinsurer also had its Financial Strength and Long-Term Issuer Credit ratings reaffirmed, amid a change in strategy to grow its business in life and other specialty segment...
Bolttech and Globe join forces to introduce a groundbreaking mobile device programme in the Philippines, empowering users with effortless switching and robust protection for their valued devices.
AM Best maintains the financial strength rating of the largest P&C insurer in the Philippines, but downgrades credit rating due to escalated credit risk following disaster events and changes to its...
The credit rating agency revised the outlook from stable to negative, citing concerns over domestic insurers' increased exposure to NatCats due to reinsurance access difficulties.
Nat Re's investment income declined in 2022, but the national reinsurer has strong connections with local cedants and the ability to tap into mandatory cessions.
