Corporation of the Philippines was incorporated in 1978 as a
domestic professional reinsurance firm to provide life and
non-life reinsurance to the Philippines and neighboring
insurance markets. On January 15, 2007, the Company received
approval from the Securities and Exchange Commission to use
the names and styles of Philippine National Reinsurance
Company or “PhilNaRe” to enhance its image as the country’s
The primary mandate
of PhilNaRe is to assist in the development of the Philippine
insurance industry by providing reinsurance capacity and
support to Philippine insurance companies as well as by
contributing towards higher retention of business within the
PhilNaRe is today the
only domestic professional reinsurance company in the
Philippines. The Company is listed in the Philippine Stock
Exchange with the trading symbol NRCP.
BOSTON, Dec. 3, 2015 — Catastrophe modeling firm AIR Worldwide (AIR) today announced the continued adoption of Touchstone® across the insurance and reinsurance industries,
including specialty markets and the Lloyd’s market. Fidelis Insurance, National Reinsurance Corporation of the Philippines (NRCP),
and Probitas 1492 have selected AIR’s Touchstone platform to provide detailed analytics and better manage catastrophe risk.
Even if you’ve never heard of big data before, it’s affecting your daily life in some way.
If you checked Facebook this morning and saw ads, those were chosen to target you based on your internet browsing history.
If you use an iphone or any other smartphone, the program that corrects your typos bases
these corrections on the words you use frequently. If you used Waze to get here, the route it provided
was based on traffic information obtained from other users, such as their location.
National Reinsurance Corporation of the Philippines (NRCP) has announced its partnership with Ultimate Risk Solutions (URS),
the leading provider of insurance and reinsurance analytical and other software enhancements for risk management.
The collaboration enables NRCP to provide to Philippine life and non-life insurance companies reinsurance optimization
analysis to reduce the cost of reinsurance and to streamline the analytical processes.
NEWARK, Calif. - 2015-04-21- RMS, the world's leading catastrophe risk management firm,
today announced that its RMS® Philippines Earthquake Model has been licensed by the National Reinsurance Corporation of the Philippines
(NRCP) as part of the reinsurer's strategy to embed a scientifically rigorous approach to its catastrophe risk management.
Mr. Augusto Hidalgo, Trustee, PIRA Insurance Industry Association and CEO, National Reinsurance
Corporation of the Philippines at The Geneva Association's Public Forum Event at the Third UN World Conference on Disaster Risk Reduction,
16 March 2015, Sendai, Japan.
This article was first published in The Geneva Association’s conference review, “Insurance as contributors
to problem solving and impact reduction” from Sendai, Japan in March 2015.
Last February 2015, senior management and employees from the National Reinsurance Corporation of the Philippines (NRCP) joined workers and volunteers from the Gawad Kalinga Community Development Foundation (GK) in building homes for underprivileged Filipino families in Mandaluyong City, Philippines.
The activity marks the start of NRCP’s support of GK’s continuing efforts in disaster resilience.
Augusto Hidalgo, President and CEO of National Reinsurance Corporation of the Philippines, said the Philippine middle
class is rising as more than 1 million residents find careers in business process outsourcing.
PhilNaRe President and CEO Mr. Roberto B. Crisol presented an update on the Philippine reinsurance market - "Philippine Non-Life Insurance Business Trends & Developments - A Reinsurer's Perspective" during the 10th Philippine General Insurance Summit last April 24, 2013.