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Philippines × Insurance & Risk Transfer

Insurance & Risk Transfer in the Philippines

Insurance for operations, assets, deals and people abroad. In the Philippines, that means local law, local regulators and local practice, handled by a qualified professional who practises there.

Who handles this work

On request

WONE Global can find the right Insurance & Risk Transfer professional in the Philippines for you.

No WONE Global Partner holds this yet. Send us your requirement: WONE Global confirms whether a vetted Associate firm can act, tells you who it is and checks for conflicts before any work begins.

Bring a requirement →
Philippines at a glanceSoutheast Asia

Manila · Wednesday 4 November

04:00

Local time

Currency
PHP
Working week
Monday – Friday
Dialling code
+63
Region
Southeast Asia
Doing business in the Philippines →

Scope

What the service covers here

  1. 01Identify material insurable risks
  2. 02Review local and group coverage requirements
  3. 03Structure appropriate risk-transfer arrangements
  4. 04Coordinate placement and claims considerations across markets

Key questions

What we will work through with you

  • What needs to be decided before insurance & risk transfer work starts?
  • Who is professionally responsible in each country?
  • Which other work, such as tax or employment, must happen at the same time?
  • What information and decisions are needed from the business?

If your work involves another country or another area of expertise, WONE Global brings in the right professional and keeps all advisers informed.

What the guides say · Philippines

What Insurance & Risk Transfer involves in the Philippines

The topics from the Philippines guide that this work depends on.

Key facts

Essentials · source-checked

Corporate income tax
25% standard; 20% for domestic corporations with assets up to PHP 100 million and net taxable income up to PHP 5 million
VAT
12% standard rate
Main entity form
Domestic corporation registered with the SEC
Foreign ownership
Limits apply to activities on the 13th Foreign Investment Negative List (April 2026)
Foreign exchange
Liberal regime; register investments with the BSP for repatriation
Data protection
Data Privacy Act of 2012, enforced by the National Privacy Commission
New York Convention
Party since 1967 (commercial, reciprocity reservations)
Key labour fact
Mandatory 13th-month payment; security of tenure

The topics this work touches

  • Risk, Compliance & Integrity

    Bribery of public officials is criminalised under the Revised Penal Code and the Anti-Graft and Corrupt Practices Act, investigated by the Office of the Ombudsman among others.

    Read the essentials
  • Trade, Customs & Supply Chain

    Customs is administered by the Bureau of Customs, and duties depend on classification under the Customs Modernization and Tariff Act. The Philippines is a WTO member and trades under ASEAN agreements, RCEP and bilateral agreements.

    Read the essentials

Our full guides are checked against official sources. Guides drafted with AI are marked as such. None of this is legal or tax advice.

WONE Global Intelligence

Ask about insurance & risk transfer in the Philippines

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Discuss Insurance & Risk Transfer in the Philippines.