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  4. > Insurance in Philippines

Insurance in Philippines

  • January 2017
  • -
  • MarketLine
  • -
  • 31 pages

Summary
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.

Key Findings
- 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

Synopsis
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.

Reasons To Buy
- 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?

Key Findings
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 $6.9bn in 2015, representing a compound annual growth rate (CAGR) of 25.1% between 2011 and 2015.

The life Insurance segment was the market's most lucrative in 2015, with total gross written premiums of $5.3bn, equivalent to 77.7% of the market's overall value.

Along with an increase in revenues, market size, penetration rates and product range have also been increasing. New channels are opening (banc assurance) with more market entrants to move the country towards integration.

Table Of Contents

Insurance in Philippines
Table of Contents
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AIA Group Limited
Insular Life Assurance Co. Ltd.
Manulife Philippines
Sun Life Financial Philippines
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine


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


List of Figures
Figure 1: Philippines insurance market value: $ billion, 2011-15
Figure 2: Philippines insurance market category segmentation: % share, by value, 2015
Figure 3: Philippines insurance market geography segmentation: % share, by value, 2015
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: Insular Life Assurance Co. Ltd.: revenues and profitability
Figure 14: Insular Life Assurance Co. Ltd.: assets and liabilities

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