1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Philippines Insurance Report Q4 2016

Philippines Insurance Report Q4 2016

  • September 2016
  • -
  • Business Monitor International
  • -
  • 56 pages

Includes 3 FREE quarterly updates

BMI View:

We remain upbeat about the prospects for the Philippines' insurance sector. Both majorsegments should benefit from the steady rises in household income and economic activity generally. In bothcases, premiums will be boosted by the development and distribution of innovative products. This quarterwe are revising our projections for the life segment upwards, to take account of the strong (and likelypersistent) demand for variable life products. In the non-life segment, we have taken a significantly moreconservative view of the prospects for property insurance. Nevertheless, we remain confident that the nonlifesegment as a whole will achieve solid growth through the forecast period.

Key Updates And Forecasts


- The latest results indicate that the leading life companies have been enjoying profitable growth, in partbecause of improved investment income relative to 2014 and early 2015. Various drivers should supportthe continued expansion of the life segment. These include growth in the number and wealthof households that can afford life insurance. In the meantime, life insurers themselves will continue toexploit strengths such as brand names, multi-channel distribution strategies, ease of access to the capitalthat they need and product innovation know-how.

Table Of Contents

Philippines Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Philippines 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Philippines 2013-2020) 11
Table: Life Insurance Claims (Philippines 2008-2013) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Philippines 2013-2020) 15
Table: Non-Life Insurance Claims (Philippines 2009-2013) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums By Product Line (Philippines 2013-2020) 24
Insurance Risk/Reward Index 25
Asia Pacific Industry Risk/Reward Index 25
Table: Asia Pacific Insurance Risk/Reward Index Q416 26
Market Overview 27
Life Market Overview 27
Product Offering 27
Competitive Landscape 28
Table: Life Insurance Market, 2010-2014 (USDmn) 29
Non-Life Market Overview 30
Product Offering 30
Competitive Landscape 30
Table: Non-Life Market Share, 2010-2014 (USDmn) 31
Company Profile 33
AIA Group 33
AXA 36
Insular Life/MAPFRE Insular 39
Manulife Financial 42
Prudential plc 45
Sun Life Grepa Financial/Malayan Insurance 47
Methodology 50
Industry Forecast Methodology 50
Risk/Reward Index Methodology 53
Table: Indicators 55
Table: Weighting of Indicators 56

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10 000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3 450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...

UK Personal Insurance Distribution: Banks and Retailers

UK Personal Insurance Distribution: Banks and Retailers

  • $ 3 450
  • Industry report
  • June 2016
  • by Verdict Financial

Summary An affinity scheme is a partnership in which an insurer underwrites insurance to be distributed via another company whose primary product or service is not insurance. This includes banks and retailers ...


Download Unlimited Documents from Trusted Public Sources

General Insurance Statistics in the US and North America

  • September 2016
    107 pages
  • General Insuran...  

    Property Manage...  

  • North America  

    United States  

View report >

Life Insurance Industry in India

  • September 2016
    8 pages
  • Life Insurance  

  • India  

View report >

Insurance Markets in Australia - Forecast

  • September 2016
    4 pages
  • Insurance  

  • Australia  

    United States  

    Oceania  

View report >

Related Market Segments :

General Insurance
Insurance
Life Insurance

ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.