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Philippines Insurance Report Q4 2015

Philippines Insurance Report Q4 2015

BMI View: By various metrics, the Philippines' insurance sector is under-developed. It will remain so in2019. Nevertheless, the trends are positive. In the life segment, increasing numbers of households andcompanies are becoming able to afford the wealth and protection offerings of the life insurers. This is partlydue to rising incomes and partly due to initiatives on the part of the insurers themselves to educate potentialclients. In the non-life segment, premiums should rise as a result of the growth of the economy and, in motorand property insurance, higher prices. There is no reason why premiums cannot continue to expandstrongly beyond the end of the forecast period.

At first glance, many of the key metrics of the Philippines' insurance sector are very uninspiring. Lifeinsurance premiums are, in 2015, equivalent to just under USD40 per capita, or 1.3% of GDP. By the end ofthe forecast period, in 2019, penetration should have fallen to 1.2% of GDP. In the non-life segment,premiums amount to a little over USD12 per capita and are expected to remain at around 0.4% of GDP overthe next five years.


BMI Industry View
SWOT
Insurance
Political
Economic
Operational Risk
Industry Forecast
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Philippines 2012-2019)
Life Insurance Claims
Table: Life Insurance Claims (Philippines 2007-2014)
Life Insurers' Assets
Table: Assets (Philippines 2007-2014)
Life Insurance Drivers
Table: Life Expectancy by Gender (Philippines 2012-2019)
Table: Demographic Breakdown (Philippines 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Philippines 2012-2019)
Table: Net Non-Life Premiums Written (Philippines 2012-2019)
Non-Life Reinsurance Premiums
Table: Reinsurance Non-Life Premiums Written (Philippines 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Philippines 2007-2014)
Table: Non-Life Insurance Claims by Line (Philippines 2007-2014)
Non-Life Assets
Table: Assets (Philippines 2007-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Philippines 2012-2019)
Motor and Transport Insurance
Table: Motor Vehicle Insurance (Philippines 2012-2019)
Table: Insurance Key Drivers, Autos (Philippines 2012-2019)
Table: Transport Insurance (Philippines 2012-2019)
Property Insurance
Table: Property Insurance (Philippines 2012-2019)
Health Insurance
Table: Insurance Key Drivers, Private Health Expenditure (Philippines 2012-2019)
Credit/Financial Guarantee Insurance
Table: Credit/Financial Guarantee Insurance (Philippines 2012-2019)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index
Table: Asia Pacific Insurance Risk/Reward Index
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market (USDmn) 2010-2014
Table: Life Insurance Market (%) 2010-2014
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Market Share (USDmn) 2010-2014
Table: Non-Life Market Share (%) 2010-2014
Company Profile
AIA Group
AXA
Insular Life/MAPFRE Insular
Manulife Financial
Prudential plc
Sun Life Grepa Financial/Malayan Insurance
Demographic Forecast
Table: Population Headline Indicators (Philippines 1990-2025)
Table: Key Population Ratios (Philippines 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Philippines 1990-2025)
Table: Population By Age Group (Philippines 1990-2025)
Table: Population By Age Group % (Philippines 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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