Reinsurance News
Philippines Crop Insurance Corporation
Willis and Rare launch parametric insurance solution for Philippines’ small-scale fishers
12th November 2025
The Government of the Philippines' Bureau of Fisheries and Aquatic Resources (BFAR) and the Philippine Crop Insurance Corporation (PCIC), have partnered with global conservation organisation Rare and insurance broker Willis, a WTW business, to launch the country’s first parametric insurance solution for small-scale fishers. The partnership insures the livelihoods of 14,200 ... Read the full article
Philippines’ PCIC could be converted into a reinsurer
24th May 2019
The Philippines' Department of Finance (DOF) is reportedly looking to change the charter of the Philippine Crop Insurance Corp. (PCIC) so that it can operate as a reinsurer or be privatised, in an effort to create a more balanced, competitive marketplace. Industry reports note that DOF Undersecretary and Chief Economist, Gil Beltran, told ... Read the full article
Philippine Crop Insurance Corp mandate extended to reinsurance
25th January 2018
The Philippine House Committee on Economic Affairs has revised the Philippine Crop Insurance Corporation (PCIC) mandate in a move that aims to expand its crop insurance coverage and encourage use of index-based re/insurance. The revised mandate will allow the agency to provide index-based direct insurance and reinsurance policies to encourage private ... Read the full article
Munich Re & Swiss Re eager to penetrate Philippines crop market: Reports
4th October 2017
Global reinsurance giants Munich Re and Swiss Re are reportedly interested in investing in the Philippines crop programme, but changes are required to the charter of the Philippines Crop Insurance Corporation (PCIC) before this can happen, according to reports. According to industry reports, Bohol Rep. and former agriculture secretary, Arthur Yap, ... Read the full article
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