NEWS
PIRA JOINS OECD AND OPASRC IN SHAPING THE PHILIPPINES' PATH TO CLIMATE-RESILIENT PUBLIC FINANCE
BEFORE THE HEAT HITS AND THE DELUGE STARTS: WHAT A SUPER EL NIÑO DEMANDS FROM ALL OF US
PHILIPPINE INSURANCE SECTOR POSTS STEADY Q1 2026 GROWTH DRIVEN BY RISING ASSETS AND PREMIUMS
The Philippine Insurers and Reinsurers Association (PIRA) took part in the Working-Level Consultations on Advancing Sustainable Communities through Public Finance Resilience, organized by the Organization for Economic Co-operation and Development (OECD) in partnership with the Office of the Presidential Adviser for Sustainable and Resilient Communities (OPASRC), held on 13–14 July 2026 at Centro de Turismo Intramuros, Manila.
THE Pacific is warming again, and the warning lights are already on. The Philippine Atmospheric, Geophysical and Astronomical Services Administration has raised its El Niño alert, pegging the probability of onset between June and August 2026 at 79 percent, with European models flagging the possibility of a record-breaking “super” event that could stretch into 2027. The last strong El Niño in 2023 to 2024 cost Philippine agriculture roughly P57 billion. A super event would be worse, and the country must not be caught flatfooted.
The Philippine Insurance Industry reported a stable performance in the first quarter of 2026, according to data from Manila's Insurance Commission (IC), supported by continued growth in premiums, invested assets, and benefit payments.
July 15, 2026
June 4, 2026
May 22, 2026
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