IAIS assesses cyber risks in insurance sector and financial stability implications
The cyber insurance market saw substantive changes in underwriting controls, including tighter terms and conditions, and stricter risk...
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Philippine Standard Time:
03:11:15 AM
Thu, November 14, 2024
Apr 11, 20231 min read
Reinsurance renewals indicate signs of hardening
Insurers and takaful operators (ITOs) have reported increased reinsurance rates on the renewal of cover, higher reinstatement costs for...
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Mar 30, 20232 min read
EU-ASEAN Business Council suggests how insurance regulators can help achieve sustainable growth
The EU-ASEAN Business Council (EU-ABC), an advocacy organization representing the interests of European businesses operating in Southeast...
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Feb 23, 20232 min read
New solvency assessment requirement elevates insurance regulation
The Philippines' adoption of Own Risk and Solvency Assessment (ORSA) standards is a positive development that will elevate the country's...
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Feb 21, 20232 min read
Insurance body asked to protect the public
Finance Secretary Benjamin Diokno asked the Insurance Commission to explore new initiatives to promote trust and transparency in...
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Feb 17, 20232 min read
Insured losses from climate events in recent weeks surpass 2022 losses from similar Nat CATs
Insured losses from the recent extreme weather events in New Zealand would exceed the comparable losses for all of 2022 which was already...
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Feb 17, 20232 min read
Potential of online shopping platforms yet to be tapped fully
Pru Life UK, a leading life insurer in the Philippines, has released a policy paper titled "InsurTech: Driving Broader Insurance Access,"...
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