IN SERVICE to the Filipino insuring public, leading Philippine non-life insurer Malayan Insurance teamed up with top global reinsurance broker JLT Re to discuss the growing importance of insuring fine art.
The event at the Makati Shangri-La Hotel kicked off with opening remarks from Ms. Trickie Lopa, co-founder of Art Fair Philippines, and was attended by dozens of key figures in the Philippine art scene, such as collectors, and gallerists, as well as insurance agents and brokers.
Mr. Ricky Miller, JLT Re’s Director of Marine and Aviation – Asia Pacific, delivered an in-depth presentation dubbed “The Art of Insuring Fine Art.”
Miller discussed the crucial differences between standard property policies and specialized insurance policies that protect fine art. The latter features better benefits such as automatic inclusion of new acquisitions, cover for depreciation and restoration costs, and multiple transit cover, and can be tailored to the insured’s needs.
The talk was conducted on the occasion of the Art Fair Philippines 2017. Malayan Insurance was the official insurance provider of the said event. To learn more about Fine Arts Insurance, interested parties may visit the dedicated page on www.malayan.com.