The non-life insurance industry shows resilience, adapting to challenges like rising reinsurance costs, regulatory changes, and digitalisation. Companies like Standard Insurance innovate with AI and risk management, balancing technology with personal service to ensure continued growth

The last few years have been a huge challenge for the non-life insurance sector in the Philippines. Fortunately, Standard Insurance has been leading the recovery with innovations and improvements designed to help its clients navigate whatever life throws their way

Patricia Chilip explains how Standard is supporting the Philippine community through its tireless service and strong advocacies

‘You just want to be able to sleep at night, knowing that someone’s got your back,’ says CEO Patricia Chilip

The pandemic had a catastrophic effect on those in the Philippines, but while still reeling from the effects of the global health crisis, the country was hit by Typhoon Odette at the end of 2021. Standard Insurance has served as a beacon and a lifeline to a recovering community

In a year beset by so much hardship and tragedy, it has, for many, been difficult to see a silver lining, but Standard Insurance has continued to promote care for its customers and to go above and beyond to make a difference as a company

Where some see challenges others will see opportunities and that is exactly what happened within the Philippine non-life insurance industry during 2020

The pace of modern life has stepped up a gear in this technology-fuelled era, making it difficult to remember that life should be a marathon, not a sprint, and we should remember to take time to value the very qualities that make us human

Standard Insurance has led the way in industry development in the Philippines. As such, the company is embracing the opportunity to adapt further to coming changes in the market

President and CEO John B Echauz explains how tech is transforming the insurance industry for providers, large and small

The Philippines insurance industry has continued to expand, but new tax laws and increased competition continue to put pressure on established industry players. In this milieu, Standard Insurance is still prospering through its innovate and customer-centric approach

John B Echauz explains why the Philippines insurer is committed to experimentation and innovation

A deep understanding of the insurance market and a focus on talent is allowing Standard Insurance to stay at the top of the non-life insurance market

With its underdeveloped infrastructure and testing geography, the challenging risk environment of the Philippines has given Standard Insurance the discipline to work on the world stage, according to John B Echauz and Leticia C Tendero

Good hazard maps and comprehensive reinsurance keep the non-life insurance provider ahead of the game