Magazine Table of Contents
The reinsurance sector in the Philippines continues to face significant vulnerability to the impacts of natural catastrophes, including those linked to climate change.
The Philippines insurance market saw good growth due to higher premiums, but still struggles with closing the protection gap.
Traditionally, public assets in countries have remained out of the ambit of insurance. With increasing regularity and intensity of natural catastrophes, nations are now working out insurance programmes for public assets.
Despite two financial crises, the COVID-19 pandemic and supply chain challenges, growth of the Philippines life insurance market has remained resilient.