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PIRA STAKEHOLDERS CONVENTION

PIRA STAKEHOLDERS CONVENTION. New World Hotel, Makati City Philippines 25 October 2013. AGENDA. Concerns & Challenges of Issuing Collective/Manuscript Policy Underwriting Cresta Zone. Concerns and Challenges of issuing Collective Manuscript/Policy.

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PIRA STAKEHOLDERS CONVENTION

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  1. PIRA STAKEHOLDERS CONVENTION New World Hotel, Makati City Philippines 25 October 2013

  2. AGENDA • Concerns & Challenges of Issuing Collective/Manuscript Policy • Underwriting Cresta Zone

  3. Concerns and Challenges of issuing Collective Manuscript/Policy • Role of Lead Insurers Not Clearly Defined • Policy Wordings • Premiums & Claims Flow • Tax Issues • Lead Insurers Clause • Nominated Adjusters

  4. Underwriting Cresta Zones • Present Cresta Zone Comparison • Use of Of Subzones compared with new • Upside/Downside • To be able to determine specifics on earthquake/ typhoon/ flood claims reporting • To be able to determine if capacity could be further deployed • Can better define client • Reinsurers would be able to get better understanding of the risk and losses • Need for IC to change the circular with regards to Cresta • Change is the system to accommodate new Cresta zones

  5. QUESTIONS

  6. THANK YOU!

  7. Fire and Engineering Committee Armand Pesigan - Pioneer Ins. and Surety Corp. Edwin Salvan - Charter Ping-an Joel Belardo - BDO Insurance Brokers Allan Quing - QBE Insurance (Phils.), Inc

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