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Synopsis
The 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
- Key trends and drivers for the reinsurance segment
- The Philippine reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
- The competitive landscape in the Philippine reinsurance segment

Summary
The premium accepted by the Philippine reinsurance segment decreased at a compound annual growth rate (CAGR) of -1.3% during the review period (2009–2013). The decline was primarily due to the global financial crisis; however the high frequency of natural disasters, and greater understanding among insurers of the benefits of reinsurance softened the decline’s impact on the reinsurance segment. The segment’s premium contributions came primarily from non-life and personal accident and health insurers.
Over the forecast period, the reinsurance segment is projected to rise at a forecast-period (2013–2018) CAGR of 2.2%, supplemented by high demand and government provisions supporting domestic reinsurer. Reforms in the insurance industry and reinsurance segment are projected to increase demand for reinsurance over the forecast period.

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 2009–2013 review period and forecast figures for the 2013–2018 forecast period.
- It offers a detailed analysis of the key sub-segments in the Philippine reinsurance segment, along with market forecasts until 2018.
- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the Philippines, and its 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 Philippine reinsurance segment
- Identify the growth opportunities and market dynamics in key product categories
- Gain insights into key regulations governing the Philippine insurance industry and its impact on companies and the market's future

Key Highlights
- The premium accepted by the Philippine reinsurance segment decreased at a Compound Annual Growth Rate (CAGR) of -1.3% during the review period (2009–2013)
- The decline was primarily due to the global financial crisis; however the high frequency of natural disasters, and greater understanding among insurers of the benefits of reinsurance softened the decline’s impact on the reinsurance segment.
- Philippine insurers are required by law to cede a minimum of 10% of the premiums ceded to foreign reinsurers to the state-owned domestic reinsurer.
- Amendments to the Philippines’ Insurance Code, introduced in August 2013, increased capital requirements for both domestic and foreign reinsurers.
- The Philippine government is in the process of implementing an Earthquake Insurance Pool, supported by the Asian Development Bank (ADB).

Table Of Contents

Reinsurance in Philippines, Key Trends and Opportunities to 2018
Table of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Philippine Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2009-2018
5.2 Reinsurance segment size by type of insurance, 2009-2018
6 Key Industry Trends and Drivers
6.1 Fundamental Business Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Philippine Reinsurance Segment
7.3 National Reinsurance Corporation of the Philippines - Company Overview
7.3.1 National Reinsurance Corporation of the Philippines - key facts
7.3.2 National Reinsurance Corporation of the Philippines - key financials
8 Appendix - 1
8.1 Business Confidence
8.1.1 Market capitalization trend - Philippine Stock Exchange (PSE), Philippines
8.2 Economic Performance
8.2.1 GDP at constant prices (US$)
8.2.2 GDP per capita at constant prices (US$)
8.2.3 GDP at current prices (US$)
8.2.4 GDP per capita at current prices (US$)
8.2.5 Inflation rate
8.2.6 Annual average exchange rate PHP-US$
8.3 Infrastructure
8.3.1 Total internet subscribers
8.4 Labor Force
8.4.1 Labor force
8.4.2 Unemployment rate
8.5 Demographics
8.5.1 Gross national disposable income (US$)
8.5.2 Household consumption expenditure (US$)
8.5.3 Total population
8.5.4 Urban and rural populations
8.5.5 Age distribution of the total population
9 Appendix - 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Philippine Reinsurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Philippine Insurance - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 4: Philippine Insurance - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 5: Philippine Reinsurance Company, 2013
Table 6: National Reinsurance Corporation of the Philippines, Key Facts
Table 7: National Reinsurance Corporation of the Philippines - Key Financials (PHP Million), 2009-2013

List of Figures
Figure 1: Philippine Insurance - Gross Written Premium by Segment (PHP Billion), 2009-2018
Figure 2: Philippine Insurance - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 3: Philippine Insurance - Direct Written Premium by Segment (PHP Billion), 2009-2018
Figure 4: Philippine Insurance - Direct Written Premium Dynamics by Segment (2009-2018)
Figure 5: Philippine Reinsurance - Premium Accepted by Category (PHP Billion), 2009-2018
Figure 6: Philippine Reinsurance - Premium Accepted by Category (%), 2013 and 2018
Figure 7: Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2009-2018
Figure 8: Philippine Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
Figure 9: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
Figure 10: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
Figure 11: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
Figure 12: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 13: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 14: Philippine Stock Exchange (PSE) Market Capitalization (US$ Billion), 2008-2012
Figure 15: Philippine GDP at Constant Prices (US$ Billion), 2008-2012
Figure 16: Philippine GDP Per Capita at Constant Prices (US$), 2008-2012
Figure 17: Philippine GDP at Current Prices (US$ Billion), 2008-2012
Figure 18: Philippine GDP Per Capita at Current Prices (US$), 2008-2012
Figure 19: Philippine Inflation Rate (%), 2008-2012
Figure 20: Philippine Annual Average Exchange Rate US$-PHP, 2008-2012
Figure 21: Philippine Internet Subscriptions (Millions), 2008-2012
Figure 22: Philippine Size of Labor Force (Million), 2008-2012
Figure 23: Philippine Unemployment Rate (%), 2008-2012
Figure 24: Philippine Gross National Disposable Income (US$ Billion), 2008-2012
Figure 25: Philippine Household Consumption Expenditure (US$ Billion), 2008-2012
Figure 26: Philippine Total Population (Million), 2008-2012
Figure 27: Philippine Urban and Rural Populations (%), 2008-2012
Figure 28: Philippine Population Distribution by Age (%), 2008-2012

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