Philippines

This was driven by the surge recorded in premium collections from traditional life insurance products.

Nat Re's enterprise risk management approach is appropriate for its current size and complexity.

He was previously the regional head of health.

He has close to three decades of experience in the industry.

Driven by the high risk of natural disasters amidst climate change, non-life insurance plans may become more expensive.

Individuals covered also climbed 15.4% to 51.70 million.

The HMO had been under conservatorship since 18 January, due to its inability to meet the IC's requirements.

The negative outlook was attributed to the heightened negative pressure on the balance sheet and operating performance of counterparts.

Nat Re's underwriting portfolio is moderately diversified by geography.

The industry registered a P319m net loss.

Insurance claims related to COVID-19 amounted to P1.53b ($-).

This is equivalent to P211.5b ($3.7b) gross written premiums.

President and CEO of Manulife Philippines emphasised the importance of appointing seasoned professionals.

The forum aims to address the evolving challenges and opportunities in Asia’s insurance sector as well as explore innovative strategies for companies today.

Total lives insured under micro-insurance products reached 57.8 million.

Total assets accumulated for the quarter reached P1.71t.