Philippines Archives - InsuranceAsia News https://insuranceasianews.com/country/philippines/ Tue, 23 Dec 2025 05:32:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Axa Philippines pays US$6.8m to resolve decade-long Typhoon Ondoy dispute https://insuranceasianews.com/axa-philippines-pays-us6-8m-to-resolve-decade-long-typhoon-ondoy-dispute/ Tue, 23 Dec 2025 04:28:04 +0000 https://insuranceasianews.com/?p=207566 Poultry and feeds producer Vitarich had originally filed against Charter Ping An Insurance in 2014 before it became part of Axa Philippines.

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Axa Philippines Life and General Insurance has agreed to pay poultry and feeds producer Vitarich Corporation PHP400 million (US$6.8 million) to settle a long-running dispute stemming from damages incu...

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]]> bolttech promotes Jemma Delacruz to Philippines general manager https://insuranceasianews.com/bolttech-promotes-jemma-delacruz-to-philippines-general-manager/ Thu, 18 Dec 2025 04:45:24 +0000 https://insuranceasianews.com/?p=207302 She has been with the Global insurtech for nine years, most recently as senior key account manager.

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Global insurtech bolttech has promoted Jemma Delacruz to general manager for the Philippines, according to a LinkedIn announcement.
Delacruz (pictured) has been at bolttech for nine years, most recent...

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]]> Typhoon Odette survivors in the Philippines sue Shell seeking corporate liability for climate-related losses https://insuranceasianews.com/survivors-of-typhoon-odette-sue-shell-seeking-corporate-liability-for-climate-related-losses/ Thu, 11 Dec 2025 06:43:31 +0000 https://insuranceasianews.com/?p=206605 The lawsuit, filed in London, argues Shell’s historic emissions materially intensified Super Typhoon Odette’s landing in December 2021.

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Survivors of Super Typhoon Odette have filed a case against oil company Shell in London seeking corporate liability for specific climate-related deaths, injuries, and destruction.
The lawsuit, filed a...

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]]> Over half of US$10bn losses from recent Southeast Asian floods attributable to business interruption: Moody’s https://insuranceasianews.com/over-half-of-us10bn-losses-from-recent-southeast-asian-floods-attributable-to-business-interruption-moodys/ Tue, 09 Dec 2025 09:57:53 +0000 https://insuranceasianews.com/?p=206424 Modelling specialist noted that some atmospheric indicators suggest that parts of Southeast Asia are already experiencing La Niña-like conditions.

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More than 50% of the estimated over US$10 billion losses from the recent devastating flooding across Thailand, Malaysia, and Indonesia were attributed to business interruption, according to a report b...

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]]> Storms batter Southeast, South Asia, inflicting over US$20bn in economic losses: Aon https://insuranceasianews.com/storms-batter-southeast-south-asia-inflicting-over-us20bn-in-economic-losses-aon/ Fri, 05 Dec 2025 08:34:06 +0000 https://insuranceasianews.com/?p=206185 Thailand estimates Cyclone Senyar to be among its costliest, while Indonesia is reporting billions of dollars in damages and Cyclone Ditwah in Sri Lanka is projected to be the country's deadliest since 1978.

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Tropical Storm Senyar, which followed a rare track through the Strait of Malacca, has triggered and contributed to widespread flooding in Thailand and Indonesia, with combined economic losses estimate...

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]]> Asia Pacific accounts for half of US$22bn losses from 2025 tropical cyclones: Munich Re https://insuranceasianews.com/asia-pacific-accounts-for-half-of-us22bn-losses-from-2025-tropical-cyclones-munich-re/ Mon, 01 Dec 2025 08:00:50 +0000 https://insuranceasianews.com/?p=205767 Reinsurer’s preliminary estimates reveal a paradoxical season with numerous severe storms but total and insured losses far below decadal averages.

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Asia Pacific has accounted for around half of the US$22 billion total losses from tropical cyclones this year, according to Munich Re.
According to preliminary estimates, tropical cyclones in the Nort...

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]]> Costs start to add up for Vietnam, Phillippines after typhoons Kalmaegi, Fung-wong https://insuranceasianews.com/costs-start-to-add-up-for-vietnam-phillippines-after-typhoons-kalmaegi-fung-wong/ Fri, 14 Nov 2025 03:33:02 +0000 https://insuranceasianews.com/?p=204534 Typhoon Kalmaegi struck the Philippines and Vietnam last week, before Typhoon Fung-wong brought severe flooding and damage to the Philippines and Taiwan over the past week.

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Economic losses from two recent typhoons in the Philippines and Vietnam has topped US$320 million, according to Aon’s latest weekly cat report.
Typhoon Kalmaegi struck the Philippines and Vietnam last...

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]]> Philippines pilots first-ever parametric solution for small fisheries https://insuranceasianews.com/philippines-pilots-first-ever-parametric-solution-for-small-fisheries/ Wed, 12 Nov 2025 05:29:12 +0000 https://insuranceasianews.com/?p=204394 Willis and conservation NGO Rare partner with the central government to launch the scheme, which is intended to help protect over 14,200 small-scale fishers in 24 coastal municipalities.

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The government of the Philippines, conservation NGO Rare, and Willis have joined forces to launch the first-ever parametric insurance solution for small-scale fisheries in the Southeast Asian country....

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]]> Seadrif, Philippines join hands to explore disaster insurance facility for public assets https://insuranceasianews.com/seadrif-philippines-join-hands-to-explore-disaster-insurance-facility-for-public-assets/ Tue, 11 Nov 2025 06:32:54 +0000 https://insuranceasianews.com/?p=204330 Seadrif Sovereign Asset and Fiscal Empowerment facility is intended to ensure uninterrupted delivery of essential services to citizens in the aftermath of natural disasters.

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The Southeast Asia Disaster Risk Insurance Facility (Seadrif) and the Department of Finance in the Philippines have agreed to explore the creation of a facility to embed disaster insurance directly in...

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]]> Philippines, Vietnam facing ‘100s of millions’ of losses from Typhoon Kalmaegi: Aon https://insuranceasianews.com/philippines-vietnam-facing-100s-of-millions-of-losses-from-typhoon-kalmaegi-aon/ Fri, 07 Nov 2025 06:00:18 +0000 https://insuranceasianews.com/?p=204069 Officials in the Philippines also warn of Typhoon Fung-wong, which is expected to develop into a super typhoon by Saturday.

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Typhoon Kalmaegi, which struck the Philippines and Vietnam this week, is expected to bring hundreds of millions of US dollars in economic losses, according to Aon's latest weekly cat report.
The typho...

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