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  4. > Insurance in Philippines

Insurance in Philippines

  • January 2016
  • -
  • MarketLine
  • -
  • 36 pages

Introduction

Insurance in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Philippines insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Philippines insurance market is expected to generate total gross written premiums of $7.8bn in 2015, representing a compound annual growth rate (CAGR) of 28.5% between 2011 and 2015.

- The life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $6.1bn, equivalent to 78.2% of the market's overall value.

- The life insurance segment has propelled growth in recent years and Filipinos who are becoming increasingly wealthy look to invest and save for the future.

Features

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Philippines

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Philippines

- Leading company profiles reveal details of key insurance market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines insurance market with five year forecasts

- Macroeconomic indicators provide insight into general trends within the Philippines economy

Key Questions Answered

- What was the size of the Philippines insurance market by value in 2015?

- What will be the size of the Philippines insurance market in 2020?

- What factors are affecting the strength of competition in the Philippines insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up Philippines's insurance market?

Table Of Contents

Insurance in Philippines
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 15
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
AIA Group Limited 20
Prudential Financial, Inc. 23
Sun Life Financial, Inc. 27
Macroeconomic Indicators 31
Country Data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35

List of Tables
Table 1: Philippines insurance market value: $ billion, 2011-15(e)
Table 2: Philippines insurance market category segmentation: $ billion, 2015(e)
Table 3: Philippines insurance market geography segmentation: $ billion, 2015(e)
Table 4: Philippines insurance market value forecast: $ billion, 2015-20
Table 5: AIA Group Limited: key facts
Table 6: AIA Group Limited: key financials ($)
Table 7: AIA Group Limited: key financial ratios
Table 8: Prudential Financial, Inc.: key facts
Table 9: Prudential Financial, Inc.: key financials ($)
Table 10: Prudential Financial, Inc.: key financial ratios
Table 11: Sun Life Financial, Inc.: key facts
Table 12: Sun Life Financial, Inc.: key financials ($)
Table 13: Sun Life Financial, Inc.: key financials (C$)
Table 14: Sun Life Financial, Inc.: key financial ratios
Table 15: Philippines size of population (million), 2011-15
Table 16: Philippines gdp (constant 2005 prices, $ billion), 2011-15
Table 17: Philippines gdp (current prices, $ billion), 2011-15
Table 18: Philippines inflation, 2011-15
Table 19: Philippines consumer price index (absolute), 2011-15
Table 20: Philippines exchange rate, 2011-15

List of Figures
Figure 1: Philippines insurance market value: $ billion, 2011-15(e)
Figure 2: Philippines insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Philippines insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Philippines insurance market value forecast: $ billion, 2015-20
Figure 5: Forces driving competition in the insurance market in Philippines, 2015
Figure 6: Drivers of buyer power in the insurance market in Philippines, 2015
Figure 7: Drivers of supplier power in the insurance market in Philippines, 2015
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Philippines, 2015
Figure 9: Factors influencing the threat of substitutes in the insurance market in Philippines, 2015
Figure 10: Drivers of degree of rivalry in the insurance market in Philippines, 2015
Figure 11: AIA Group Limited: revenues and profitability
Figure 12: AIA Group Limited: assets and liabilities
Figure 13: Prudential Financial, Inc.: revenues and profitability
Figure 14: Prudential Financial, Inc.: assets and liabilities
Figure 15: Sun Life Financial, Inc.: revenues and profitability
Figure 16: Sun Life Financial, Inc.: assets and liabilities

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Related Market Segments :

Insurance
Life Insurance

ref:plp2016

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