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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 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.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 $5.6bn in 2017, representing a compound annual growth rate (CAGR) of 5.6% between 2013 and 2017.
  • The life segment was the market's most lucrative in 2017, with total gross written premiums of $3.9bn, equivalent to 69.3% of the market's overall value.
  • Variable life insurance policies comprise a large part of demand in this market, especially in times of lower interest rates, as these products offer potentially higher returns.
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 2017?
  • What will be the size of the Philippines insurance market in 2022?
  • 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 share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Insular Life Assurance Co Ltd
Manulife Financial Corporation
Philippine American Life and General Insurance Company, Inc.
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, 2013-17
Table 2: Philippines insurance market category segmentation: $ billion, 2017
Table 3: Philippines insurance market geography segmentation: $ billion, 2017
Table 4: Philippines insurance market share: % share, by value, 2017
Table 5: Philippines insurance market value forecast: $ billion, 2017-22
Table 6: Insular Life Assurance Co Ltd: key facts
Table 7: Insular Life Assurance Co Ltd: key financials ($)
Table 8: Insular Life Assurance Co Ltd: key financials (PHP)
Table 9: Insular Life Assurance Co Ltd: key financial ratios
Table 10: Manulife Financial Corporation: key facts
Table 11: Manulife Financial Corporation: key financials ($)
Table 12: Manulife Financial Corporation: key financials (C$)
Table 13: Manulife Financial Corporation: key financial ratios
Table 14: Philippine American Life and General Insurance Company, Inc.: key facts
Table 15: Sun Life Financial Philippines: key facts
Table 16: Philippines size of population (million), 2013-17
Table 17: Philippines gdp (constant 2005 prices, $ billion), 2013-17
Table 18: Philippines gdp (current prices, $ billion), 2013-17
Table 19: Philippines inflation, 2013-17
Table 20: Philippines consumer price index (absolute), 2013-17
Table 21: Philippines exchange rate, 2013-17
List of Figures
Figure 1: Philippines insurance market value: $ billion, 2013-17
Figure 2: Philippines insurance market category segmentation: % share, by value, 2017
Figure 3: Philippines insurance market geography segmentation: % share, by value, 2017
Figure 4: Philippines insurance market share: % share, by value, 2017
Figure 5: Philippines insurance market value forecast: $ billion, 2017-22
Figure 6: Forces driving competition in the insurance market in Philippines, 2017
Figure 7: Drivers of buyer power in the insurance market in Philippines, 2017
Figure 8: Drivers of supplier power in the insurance market in Philippines, 2017
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Philippines, 2017
Figure 10: Factors influencing the threat of substitutes in the insurance market in Philippines, 2017
Figure 11: Drivers of degree of rivalry in the insurance market in Philippines, 2017
Figure 12: Insular Life Assurance Co Ltd: revenues & profitability
Figure 13: Insular Life Assurance Co Ltd: assets & liabilities
Figure 14: Manulife Financial Corporation: revenues & profitability
Figure 15: Manulife Financial Corporation: assets & liabilities

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