Market Research Logo

Insurance in Philippines

Insurance in Philippines

Summary

Insurance in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

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.

Key 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 Filipino insurance market had total gross written premiums of $5.4bn in 2016, representing a compound annual growth rate (CAGR) of 11.1% between 2012 and 2016.

The life insurance segment was the market's most lucrative in 2016, with total gross written premiums of $3.7bn, equivalent to 69.2% of the market's overall value.

The significant fluctuations of the Filipino market in recent years were shaped by the performance of the life insurance segment. Most recently in 2016, a significant cut of interest rates reduced returns and demand for these products. In contrast, the demand in the non-life insurance segment has been strong, but this was not enough to offset losses from the life segment.

Scope

  • 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
Reasons to buy
  • What was the size of the Philippines insurance market by value in 2016?
  • What will be the size of the Philippines insurance market in 2021?
  • What factors are affecting the strength of competition in the Philippines insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Philippines's insurance market?


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
AXA SA
Philippine American Life and General Insurance Company, Inc.
Prudential Plc
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, 2012-16
Table 2: Philippines insurance market category segmentation: $ billion, 2016
Table 3: Philippines insurance market geography segmentation: $ billion, 2016
Table 4: Philippines insurance market value forecast: $ billion, 2016-21
Table 5: AXA SA: key facts
Table 6: AXA SA: key financials ($)
Table 7: AXA SA: key financials (€)
Table 8: AXA SA: key financial ratios
Table 9: Philippine American Life and General Insurance Company, Inc.: key facts
Table 10: Prudential Plc: key facts
Table 11: Prudential Plc: key financials ($)
Table 12: Prudential Plc: key financials (£)
Table 13: Prudential Plc: key financial ratios
Table 14: Sun Life Financial Philippines: key facts
Table 15: Philippines size of population (million), 2012-16
Table 16: Philippines gdp (constant 2005 prices, $ billion), 2012-16
Table 17: Philippines gdp (current prices, $ billion), 2012-16
Table 18: Philippines inflation, 2012-16
Table 19: Philippines consumer price index (absolute), 2012-16
Table 20: Philippines exchange rate, 2012-16
List of Figures
Figure 1: Philippines insurance market value: $ billion, 2012-16
Figure 2: Philippines insurance market category segmentation: % share, by value, 2016
Figure 3: Philippines insurance market geography segmentation: % share, by value, 2016
Figure 4: Philippines insurance market value forecast: $ billion, 2016-21
Figure 5: Forces driving competition in the insurance market in Philippines, 2016
Figure 6: Drivers of buyer power in the insurance market in Philippines, 2016
Figure 7: Drivers of supplier power in the insurance market in Philippines, 2016
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Philippines, 2016
Figure 9: Factors influencing the threat of substitutes in the insurance market in Philippines, 2016
Figure 10: Drivers of degree of rivalry in the insurance market in Philippines, 2016
Figure 11: AXA SA: revenues & profitability
Figure 12: AXA SA: assets & liabilities
Figure 13: Prudential Plc: revenues & profitability
Figure 14: Prudential Plc: assets & liabilities

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report