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Synopsis
Timetric’s 'Reinsurance in the Philippines, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Philippine reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Philippine economy and demographics, and provides detailed analysis of natural hazards and their impact on the Philippine insurance industry.

This report brings together Timetric’s research, modeling, and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary
Timetric’s 'Reinsurance in the Philippines, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Philippine reinsurance segment, including:

- The Philippine reinsurance segment's growth prospects by reinsurance category

- The Philippine reinsurance segment’s growth prospects by reinsurance ceded from direct insurance

- A comprehensive overview of the Philippine economy and demographics

- Detailed analysis of natural hazards and their impact on the Philippine insurance industry

- The competitive landscape in the Philippine reinsurance segment

Scope
This report provides a comprehensive analysis of the reinsurance segment in the Philippines:

- It provides historical values for the Philippine reinsurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Philippine reinsurance segment, and market forecasts to 2019.

- It provides detailed analysis of the reinsurance ceded from various direct insurance segments in the Philippines, and the segment's growth prospects.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Philippine reinsurance segment and each sector within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Philippine reinsurance segment.

- Assess the competitive dynamics in the reinsurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Philippine insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The premium accepted by the Philippine reinsurance segment increased at a CAGR of 0.7%.

- According to Presidential Decree No. 1270 of 1977, all insurers operating in the Philippines must cede 10% of their foreign outward reinsurance business to PhilNaRe.

- The government is considering the establishment of a disaster insurance pool to cover residential properties and SMEs against typhoons, earthquakes, floods and storms.

- The segment’s premium contributors were non-life firms, which accounted for 78.6% of the total premium ceded to reinsurance in 2014.

- The personal accident and health segment accounted for 16.8%, and the life segment accounted for 4.6%.

Table Of Contents

Reinsurance in the Philippines, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2010-2019
5.2 Reinsurance Segment Size by Premium Ceded, 2010-2019
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Natural Hazards
7.1 Storms
7.2 Floods
7.3 Landslides
7.4 Earthquakes
7.5 Volcanic Eruptions
7.6 Insurance Exposure to Natural Hazards
7.7 Action Plans
8 Competitive Landscape and Strategic Insights
8.1 Overview
8.2 Leading Companies in the Philippine Reinsurance Segment
8.2.1 National Reinsurance Corporation of the Philippines - company overview
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Key Facts about Philippines, 2014
Table 2: Insurance Industry Definitions
Table 3: Philippine Government Credit Ratings
Table 4: Philippine Reinsurance - Premium Accepted (PHP Billion), 2010-2014
Table 5: Philippine Reinsurance - Premium Accepted (PHP Billion), 2014-2019
Table 6: Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2010-2014
Table 7: Philippine Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2010-2014
Table 8: Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2014-2019
Table 9: Philippine Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2014-2019
Table 10: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 11: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 12: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 13: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 14: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 15: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 16: Philippine Worst Disasters in Terms of Number of Casualties
Table 17: Philippine Biggest Earthquakes in Terms of Magnitude
Table 18: Philippine All Natural Catastrophes in 2013 and 2014

List of Figures
Figure 1: Philippine Real GDP (PHP Trillion) and Annual Growth (%), 2010-2019
Figure 2: Philippine Real Household Consumption (US$ Billion) and Annual Growth (%), 2010-2014
Figure 3: Philippine Cash Remittances (US$ Billion) and Annual Growth (%), 2010-2014
Figure 4: Philippine Cash Remittances (US$ Billion), Jan?May 2015 and Percentage Share by Region (%), 2014
Figure 5: Philippine Merchandise Exports (PHP Trillion) and Annual Growth (%), 2010-2014
Figure 6: Philippine Unemployment Rate (%), 2010-2019
Figure 7: Philippine Current Account Balance as a Percentage of GDP (%), 2010-2014
Figure 8: Philippine PHP/US$ Exchange Rate and Annual Growth (%), 2010-2019
Figure 9: Philippine Consumer Price Inflation (%), 2010-2019
Figure 10: Philippine Population by Age Group (Millions), 1990-2025
Figure 11: Philippine Reinsurance - Premium Accepted (PHP Billion), 2010-2014
Figure 12: Philippine Reinsurance - Premium Accepted (PHP Billion), 2014-2019
Figure 13: Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2010-2019
Figure 14: Philippine Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2010-2019
Figure 15: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 16: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 17: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 18: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 19: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 20: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 21: Size of the Philippine Labor Force (Million), 2009-2013
Figure 22: Philippine Construction Net Output at Current Prices (US$ Trillion), 2009-2013
Figure 23: Philippine Construction Net Output at Current Prices (Percentage of GDP), 2009-2013
Figure 24: Philippine Merchandise Imports (US$ Billion), 2009-2013
Figure 25: Philippine Natural Disasters - Occurrence Percentage by Type (%)
Figure 26: Philippine Natural Disasters Frequency and Total Damage (US$ Thousand), 1990-2014
Figure 27: Philippine Natural Disasters - Contribution to Average Annual Loss by Type (%), 1990-2014
Figure 28: Philippine Natural Disasters - Number of People Exposed, Millions
Figure 29: Philippine Costliest Storms by Economic Damage (US$ Million)
Figure 30: Philippine Typhoons by Number of People Killed

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