14th Philippine General Insurance Summit

14th Philippine General Insurance Summit
14th Philippine General Insurance Summit

NDPH - PIRA MCIS Version 3.0 Kickoff

Appreciation Speech

By: Mr. Arturo B. Reyes, PIRA Trustee & Chairman of Tech. Sub-Committee on Motor Car Delivered at MCISV3.0 Kickoff, 24 March 2017

On behalf of the Board of Trustees of the Philippine Insurers and Reinsurers Association and the PIRA Motor Car Committee, I would like express my appreciation and excitement for the launch of the latest version of Our MCIS. 

It has been 21 years since the Motor Claims Information System was born. Kumbaga sa tao, MCIS is now a full grown adult, ready to face the world and take on more serious responsibilities. And I'm sure that with the investments put in by PIRA and the technical expertise of our partners NTT Data, this latest version of the MCIS will be able to meet and even surpass our expectations.

But again, as they say in Computer lingo, garbage in, garbage out. The MCIS will only function properly if we put into it sufficient and accurate data. It is not a magic machine that would solve all our problems in the industry when it comes to fraudulent claims. It is just a tool that will allow us to achieve that objective. And for us to achieve that objective, we have to use the tool correctly.

This kickoff, therefore, marks PIRA's renewed commitment to support not only the continuing development of the MCIS but also the drive to encourage our members to Contribute data.

Data is the fuel that Will make the MCIS move. Without data, the MCIS is useless.

So starting tomorrow, I believe we all have a work to do in making sure that the data generated by our respective companies relative to motor car claims are forwarded to the MC|S.

Atin po ang system na ito. This system was developed by us and for us. Let us make it work. At the end of the day, we will all benefit from this project. MCIS - Maaasahang Claims information System.

Maraming salamat.

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NMG Business Projection Model

NMG's Presentation on Business Projection Model

March 3, 2017 | IIAP Function Hall Ayala Life-FGU Center, Makati City


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PIRA Campus Tour Goes to LA SALLE

The Philippine Insurers and Reinsurers (PIRA) Campus Tour series went recently to the De La Salle University (DLSU) Taft campus to teach management and finance students the importance of non-life insurance.

Dick Cabusao and Chris Marquez, both members of PIRA's Speakers Bureau, gave very interesting talks on the future of the non-life insurance industry and how students can make themselves attractive to employers once their graduate.

The two were joined by Cleto Obello of the Association of Insurance Claimsmen and Ted Torres, banking and finance editor of Philippine Star. Obello and Torres helped in answering questions from students about insurance.

 The PIRA Campus Tour at DLSU was made possible with the help of the Management of Financial Institution Association (MaFIA).

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