^
+ Follow MICHAEL F Tag
MICHAEL F
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1532615
                    [Title] => Pira pushes tax exemptions on microinsurance
                    [Summary] => 

The Philippine Insurers and Reinsurers Association (PIRA) is asking government for tax exemptions on microinsurance products.

[DatePublished] => 2015-12-14 09:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 1522568 [Title] => Rellosa named Asean Insurance Council head [Summary] =>

The chairman of the Philippine Insurers and Reinsurers Association (PIRA) has been named head of the Asean Insurance Council (AIC) during the recent 41st AIC meeting in Phnom Penh, Cambodia.

[DatePublished] => 2015-11-17 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 1309953 [Title] => Non-life insurers face weak growth prospects [Summary] =>

The Philippine non-life insurance sector will likely register weak growth this year, after experiencing losses in gross written premiums (GWP) in 2013.

[DatePublished] => 2014-04-08 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 634261 [Title] => Asean Insurance confab in Manila [Summary] =>

Top leaders of the insurance industry in Southeast Asia gathered in Manila recently for the Asean Insurance Council Meeting.

[DatePublished] => 2010-11-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [4] => Array ( [ArticleID] => 633030 [Title] => Risk-based capital for non-life insurers urged [Summary] =>

The Philippine Insurers and Reinsurers Association (PIRA), the trade organization of the country’s non-life insurance industry, is urging the Insurance Commission (IC) to implement the risk-based capital (RBC) framework.

[DatePublished] => 2010-11-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 627990 [Title] => Industry seeks amendments to irrelevant insurance code [Summary] =>

The Philippine Insurers and Reinsurers Association (PIRA) is advocating for major amendments to the country’s 36-year-old Insurance Code, which could not only update and improve the performance of insurance industry.

[DatePublished] => 2010-11-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 555833 [Title] => Insurers start new third party liability insurance process [Summary] =>

The Philippine Insurers and Reinsurers Association (PIRA) has rolled out a system that speeds up the collection of taxes from Compulsory Third Party Liability (CTPL) insurance of motor vehicles.

[DatePublished] => 2010-03-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => Array ( [ArticleID] => 367473 [Title] => FortuneGen offers unique auto insurance policy [Summary] => Car owners wanting to extend the warranty of their vehicles beyond the industry’s standard 100,000 kilometers, or three years, can do so through the Extended Warranty.

Fortune General Insurance Corp. (FortuneGen) launched recently Extended Warranty for car owners who want to enjoy the peace of mind that a warranty offers. It is a product similar to a comprehensive insurance policy, only this time it covers not accidents but the mechanical breakdown due to wear and tear of the vehicle’s major parts.
[DatePublished] => 2006-11-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [8] => Array ( [ArticleID] => 300434 [Title] => More mergers, consolidations seen in non-life insurance sector [Summary] => The non-life insurance industry is bound to see more consolidations and mergers, with the surviving players likely to be better capitalized and more professional.

That is the forecast of several players in the country’s struggling non-life insurance industry which includes auto, fire, marine, personal accident, and property insurance.
[DatePublished] => 2005-10-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 149549 [Title] => Mergers, alliances key to survival of non-life insurers [Summary] => The country’s non-life insurance industry must start a restructuring process that will involve mergers and joint ventures in the face of increasing reinsurance premiums and global financial trends.

Reinsurance premiums have reportedly increased by at least 30-percent with certain classes moving up by an incredible 100 percent due to huge losses experienced by the international reinsurance industry resulting from the Sept. 11, 2001 terrorist attacks on the United States.
[DatePublished] => 2002-02-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
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