AIA Philam Life continues save lives mission, launches new funds MANILA, PHILIPPINES, 27 November 2020 – AIA Philam Life continues to fulfill its purpose-driven mission to race against risk and protect every Filipino family and empower them to live healthier, longer, and better lives. Issuances. Muralla cor Recoletos Sts. Regulators and leaders of the insurance industry all over the 10 countries of Southeast Asia gathered online for the 46th ASEAN Insurance Council (AIC) and 23rd ASEAN Insurance Regulators Meeting (AIRM), both hosted by the Philippines. She is expected to contribute important insights in business operations transformation with focus on customer experience. FALIA（国際保険振興会）は、海外の保険振興のために、日本の保険事業についての研修を提供する公益財団 for this meeting: Dec. 5-6, 2019. Digital innovations such as online examination for agents and other approaches to address the limitations from Covid-19 lockdowns; 5. Philippine Life Insurance Association, Inc. (PLIA) Induction of Committee Chairs | Official Website of the Insurance Commission. He will serve PIRA both as Trustee and Deputy Chairman for 2021. View the members that make the Philippine Insurers and Reinsurers Association. According to Asia Insurance Review, the organizer of the event,  NatRe was lauded for its involvement in several initiatives aimed at promoting climate-risk insurance, pursuing reinsurance pooling opportunities and advancing risk-informed decision making. The Philippine Insurers and Reinsurers Association (PIRA) is the the voice of the Philippine non-life insurance industry, forecasting and responding to issues that may arise, and anticipating opportunities to enable its members to https://us02web.zoom.us/j/83803721338?pwd=ZjVvUE1maFI5c2NRcm9iTVgwNXBMdz09. Watch the latest insurance episodes from PIRA TV. PLIA stands for Philippine Life Insurance Association (Makati, Philippines). Insurance companies could "take a hit" should the pandemic escalate, said Benedicto Sison, CEO of Sun Life Financial Philippines and President of the Philippine Life Insurance Association. The latest edition of the official fact book from the Philippine Insurers and Reinsurers Association. Life + Leisure Home + Design People + Parties Lifestyle Columnists Fashion + Beauty Youth Specials Agriculture Drive Property Environment and Nature Panorama … In the latter part of the month, it was the regulators' turn to meet, and they followed it up with a Joint Plenary Meeting with industry leaders. He knows what it takes for an insurance professional to succeed in what we do. This page is about the meanings of the acronym/abbreviation/shorthand PLIA in the Business field in general and in the Insurance terminology in particular. PIRA Philippine Insurers and Reinsurers Association フィリピン損害保険協会 PLIA Philippine Life Insurance Association, Inc フィリピン生命保険協会 PSE Philippine Stock Exchange フィリピン証券取引所 PSSC Philippine According to Philippine Life Insurance Association (Plia) President Hans Loozekoot, Singapore Life is eager to enter the Philippines to do business and bring in its 'digital-only approach.' Last year, the Insurance Commission (IC) started soliciting comments from industry groups Pira and Philippine Life Insurance Association in a bid … Timetric’s 'Non-Life Insurance in the Philippines, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Philippine non-life insurance segment, including: Thanks to videoconferencing technology, however, insurance regulators and insurance industry leaders from 10 countries of Southeast Asia were still able to meet, discuss the challenges they are all facing, and propose solutions and directions moving forward. View the highlights of the 6th PIRA Networking Golf Tournament held last June 14 2019 at The Riviera Golf Club in Cavite. Philippine Life Insurance Association, Inc. Philippine Life Insurance Association, Inc. - InsuRUNce 2012 Click Download to view full list of the race results. FWD Insurance has an array of life insurance and health insurance plans as well as life insurance with investment products. Overall, it’s the Philippine American Life and General Insurance Company (life unit) or Philam Life that is the number 1 insurance company in the country as it is at least on the top 7 in each category. For any general inquiries, please fill in the following contact form: PHILIPPINES SUCCESSFULLY HOSTS 23RD ASEAN INSURANCE REGULATORS MEETING AND. • The Philippine life insurance segment grew at a review-period CAGR of 20.2% • Individual life insurance remained the largest sub-segment during the review period; it accounted for 94.2% of the segment’s direct written premium in 2015, of which term life’s share was 15.3%. 2020 Thesis Grants Presented to PIRA, January 16, 2020, PIRA 2020 CAT Two insurance industry leaders were recently elected as new members of the Board of Trustees of the Philippine Insurers and Reinsurers Association (PIRA). Cross-border issues for motor vehicle insurance that affect the countries in the Southeast Asian mainland; 2. As a proactive catalyst of development, PCCI promotes and supports the drive for globally competitive Philippine enterprises in :  (632) 8811.4587; (632) 8815.1064; (632) 8811.4629, © Powered in 2020 by RightMedia Public Relations. PPLIC is also among the few life insurance companies which offer group life insurance plans. P.O. Services. 162 L. P. Leviste Street, Salcedo Village, Makati City, E-mail Address: [email protected] The National Reinsurance Corporation of the Philippines (NatRe) just won Reinsurer of the Year in this year's Asia Insurance Industry Awards. In a statement, Sison said PLIA finds as “acceptable” the 60-day grace period compromise proposed by the Bicameral Committee on the Bayanihan to Recover as One Act. ) - March 27, 2020 - 12:00am MANILA, Philippines — The life insurance industry has adopted measures to expedite the processing of claims related to the coronavirus disease 2019 or … Welcome to the Philippine Life Insurance Association, Inc. (PLIA) website. and once headed the Association of Insurance Claimsmen. View the complete list and directory of our members. PCCI is the voice of Philippine business recognized by government and international institutions. com.ph Home About Us Members Contact Us PANA News Members News WFA News Industry Newss Unit 2D Torre de Salcedo Building 184 … Philippine Standard Time: Thursday, February 11, 2021, 8:48:37 PM. SINGAPORE LIFE, a multinational, digital-only life insurance company, is expected to enter the Philippines soon, according to a senior official of the Philippine Life Insurance Association (PLIA). THE PHILIPPINE INSURERS AND REINSURERS ASSOCIATION, https://us02web.zoom.us/j/83803721338?pwd=ZjVvUE1maFI5c2NRcm9iTVgwNXBMdz09. Established in 1950, PLIA is the umbrella organization of all life insurance companies operating in the Philippines. No. All Rights Reserved. Browse full list here. The leaders also spotlighted how Covid-19 is affecting their jurisdictions, and how the insurance sector is trying to survive and thrive amidst these trying times. © 2021 Manila Bulletin The Nation's Leading Newspaper. ONE NEWS PH WITH PIRA EXECUTIVE DIRECTOR MICHAEL RELLOSA. PIRA started as the Philippine Insurance Rating Association whose job mainly was to come up with prescribed rates for insurance companies. A local subsidiary of American Insurance Association, Philam Life was established in 1947. Facility Workshop • During the review period, the segment registered an increase in bancassurance tie-ups, mainly due to regulatory relaxations and the presence of a robust banking sector in the country. The Philippine Life Insurance Association, or PLIA, as it is generally referred to, is the duly recognized umbrella organization of life insurance companies in the Philippines. PHILIPPINE INSURERS AND REINSURERS ASSOCIATION, Headquarters: 6th Floor, ALGO Center (formerly: Champaca II Building) Retired banker Carmela Leticia "Carlet" A. Pama and former Ateneo Dean and now Ateneo Vice President Rodolfo "Rudy" P. Ang will again be serving PIRA as Independent Directors, while Mr. Michael "Mitch" F. Rellosa and Mr. Rogelio "Roger" J. Concepcion will again serve as Executive Director and General Manager of the Association, respectively. IC: Singaporean insurer to get license this year Anti-Money Laundering. Read about the recent press releases of the organization. PIRA Chairman Allan Santos, who also chaired the events' organizing committee, highlighted the "silver linings" in the Covid-19 crisis, among them the industry's accelerated adoption of digitalization and the fresh realization of people of the need for insurance. Amidst pandemic-induced confusion in the market - and turbulent economic conditions globally - NatRe stood tall together with  16 other heroes of the insurance and risk-management sector recognised for excellence at the highly-prestigious awards ceremony held online the night of November 2, 2020. He is an authority in motor car insurance. Find out more of the latest happenings about PIRA. Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact. January 10, 2020 This election was held during Philippine Life Insurance Association’s annual business meeting held virtually last 24 November 2020. Recognizing the need to have an updated mortality table, Insurance Commissioner Emmanuel F. Dooc officially announced the conduct of the 2016 Philippine Intercompany Mortality Study. PPLIC is one of the pioneers of Mortgage Redemption Insurance, or later known as Credit Life Insurance, a policy that is designed to pay off the borrower’s debt in case of the borrower’s death. Ms. Pio de Roda is the President and CEO of FPG Insurance and the former Chief Operating Officer of Philamlife. The life insurance industry is engaged in providing Filipinos with financial security as well as savings and investment instruments. AXA Philippines closed 2019 with P2.5 billion in consolidated net income from both its life and general insurance businesses. 4. Mr. Allan R. Santos, President and CEO of National Reinsurance Corporation of the Philippines has been reelected Chairman for the third year and he expressed his gratitude to the PIRA members for their trust in his leadership. Thank you to all our Major and Hole sponsors, and thank you to our participants. Among the major points discussed in the meetings were the following: 1. To promote the general welfare and common interests of non-life insurance, surety and professional reinsurance companies doing business in the Philippines and the general public, through ways and means consistent with law; To provide leadership, guidance and direction to the non-life insurance industry; To propagate and spread the concept, principles and benefits of non-life insurance and surety business and to this end conduct educational campaigns, training seminars, workshops, conferences and lectures; To create a positive image of the non-life insurance industry in the country and in the region; To serve as a forum for the exchange of information on matters involving or affecting the non-life insurance, surety and reinsurance industries both local and international; To make PIRA a reliable source of insurance-related statistics, forms and information; To foster unity, goodwill and cooperation among its members in order that collective actions or pursuits in all matters of common interest to them may be facilitated; To promote a harmonious environment where members voluntarily comply. Insurance for natural catastrophes which mostly affect disaster-prone countries like the Philippines and Indonesia; 3. FALIA is the Public Interest Incorporated Foundation providing training programs for overseas insurance industry. PIONEER LIFE INC PANA. He succeeds Dr. Olaf Kliesow, who will be moving to Munich, Germany for his new Allianz posting. Today, AXA has close to 7,000 financial advisors in more than 40 branches, and about 1,200 financial He could not immediately provide IIAP Function Hall. Hans Loozekoot has been named as the president of the Philippine Life Insurance Association (PLIA). Other elected Trustees of PIRA for 2021 are Ms. Joli Co Wu, President, CEO and Chief Underwriting Officer of Paramount Life and General Insurance Corp. as Trustee and Treasurer; Mr. Alberto C. Santos, Jr., Business Director of BPI/MS Insurance Corporation; Ms. Eden R. Tesoro, Chief Underwriting Officer of Malayan Insurance Company; Mr. Edgardo D. Rosario, Senior Vice President of UCPB General Insurance Company; Mr. Armand M. Pesigan, Senior Vice President of Pioneer Insurance and Surety Corporation; Mr. Arturo B. Reyes, President and CEO of Sterling Insurance Company, Inc. as Trustees. PLIA is defined as Philippine Life Insurance Association (Makati, Philippines) somewhat frequently. Intramuros, Manila 1002 The Philippine Life Insurance Association (PLIA) announced that Hans Loozekoot has been named as president of the association. Loozekoot … “The Insurance Commission, in coordination with the Actuarial Society of the Philippines, is currently conducting the 2016 Philippine Intercompany Mortality Study which aims to review the life insurance … She will serve as Trustee and Corporate Secretary of PIRA for this year. After registering, you will receive a confirmation email containing information about joining the meeting. For several days in October, leaders from the life and general insurance sectors from Brunei, Cambodia, Laos, Indonesia, Malaysia, Myanmar, the host Philippines, Singapore, Thailand and Vietnam met through Zoom videoconferencing -- a first in history -- to update themselves of what each has been doing based on what they have agreed in their previous meeting in Nay Pyi Taw, Myanmar last year. Photo © Cherry Sumague-Palacio, PHILIPPINES SUCCESSFULLY HOSTS 23RD ASEAN INSURANCE REGULATORS MEETING AND 46TH ASEAN INSURANCE COUNCIL MEETINGS. Congratulations to PIRA Chairman Allan Santos for this huge victory for our country which came at the heels of the successful hosting of the Philippines of the 46th ASEAN Insurance Council (AIC) and 23rd ASEAN Insurance Regulators Meeting which he also headed. Agriculture insurance which is very successful in Thailand. Insurance Commissioner Dennis Funa from the Philippines, who chaired this year's meetings, was elated at their success in serving their purpose of enabling a healthy exchange of ideas among the leaders. Mr. Ang earned his Bachelor’s degree at the Royal Melbourne Institute of Technology in Australia and his Master’s degree in Business Administration from Bath University in United Kingdom. [email protected]: Working Together, Getting Stronger Cody Askins is inviting you to 14th Philippine Life Insurance Congress on March 18-19 2021 Cody Askins has over a decade of insurance sales knowledge. PIRA DEPUTY CHAIR & TRUSTEE FRANK RAMOS ON ANC'S EARLY EDITION, MANILA TIMES TV WITH PIRA EXECUTIVE DIRECTOR MICHAEL RELLOSA. Philippine Life Insurance Association Among its unique offerings are a life insurance plan that offers financial protection against terrorist acts and another one … • The Philippine life insurance segment is concentra… Ms. Generosa "Gigi" Pio de Roda and Mr. Daniel "Danny" C. Go are the two additions to the PIRA Board replacing Shankar Sinha and Andrew Dee Co who have served their terms of office. This was according to Sun Life Philippines chief executive officer Benedict Sison, who is the current President of the Philippine Life Insurance Association (PLIA). What does PLIA mean in Insurance? "We have proven time and again that we are indeed stronger and better when we work together," he said. Tel. The PCIC/PIRA/ADB PPP Agri-Insurance 2 Day workshop @ the PCIC Offices. Browse and download the annual PIRA Fact Book.