National Reinsurance Corp of the Philippines 2020 IR
The report outlines the financial, operational, and sustainability performance of the National Reinsurance Corporation of the Philippines (Nat Re) for the year 2020. Despite market volatility caused by the COVID-19 pandemic, the company achieved a net profit of 120 million pesos and grew its gross written premiums by 3% to 4.47 billion pesos. Key sustainability achievements include the completion of the Oasis Project, which developed the first open-access flood catastrophe model for the Philippines, and the signing of a memorandum of understanding to implement the Philippine Catastrophe Insurance Facility. Additionally, the company transitioned to a work-from-home model for all 67 employees, reduced office supply consumption by 67%, and supported local communities with COVID-19 and disaster relief donations.
Company: National Reinsurance Corp of the Philippines
Sector: Financials
Country: Philippines
Year: 2020
Type: IR
Pages: 75
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National Reinsurance Corp of the Philippines
Integrated Annual Report
The report outlines the financial, operational, and sustainability performance of the National Reinsurance Corporation of the Philippines (Nat Re) for the year 2020. Despite market volatility caused by the COVID-19 pandemic, the company achieved a net profit of 120 million pesos and grew its gross written premiums by 3% to 4.47 billion pesos. Key sustainability achievements include the completion of the Oasis Project, which developed the first open-access flood catastrophe model for the Philippines, and the signing of a memorandum of understanding to implement the Philippine Catastrophe Insurance Facility. Additionally, the company transitioned to a work-from-home model for all 67 employees, reduced office supply consumption by 67%, and supported local communities with COVID-19 and disaster relief donations.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees