TPRe signed MoUs with Nat Re and Harel Insurance respectively during the 16th Singapore International Reinsurance Conference (SIRC) in Singapore.
According to the agreement, the companies will render each other the equally best treatments in the strategic partnership, which includes, but not limited to cooperation in reinsurance business, providing support and sharing resources to each other for new products development and related services and staff training in the areas of actuarial techniques, risk management, product development, underwriting and claims management etc..
Found in 1978 and debuted at the PSE in 2007, Nat Re is the only reinsurance company in Philippines. It provides life and non-life reinsurance support to its domestic and neighbor markets.
Harel Insurance is the largest insurance company in Israel and also a whole-owned subsidiary of Israel’s largest insurance and financial group, Harel Group. It’s now listed on the TASE with business covering all sectors of life insurance and non-life insurance.