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Mission
NatRe exists to promote and develop a strong national insurance industry and provide for its integration in the country’s economic and social development and to achieve a higher and sound national risk retention by developing well-coordinated and efficient machinery in reinsurance.
Voluntary Commitments
The Sendai Framework Commitments (SFVC) online platform serves to incentivize stakeholders to inform the public about their work, to provide a vehicle for sharing commitments and initiatives and for motivation toward the implementation of the Sendai Framework. In turn, UNDRR can monitor and take stock of the progress and impact.
National Reinsurance Corporation of the Philippines is involved in the following commitments:
Implementer(s)
Version
1.0
Status
PROGRESS_NOT_UPDATED
Partners
Gallagher Re
Guy Carpenter
Aon PLC
Deutsche Gesellschaft für Internationale Zusammenarbeit
World Bank, the
Last updated
10 Sep 2024
Description
The creation of an insurance facility for the aggregation of catastrophic risks written in the Philippines, to be able to increase capacity, more efficiently write such business, whilst ensuring its sustainability and being able to offer such cover to the more vulnerable sectors.
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