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Life Insurance & Pension in Philippines

Publisher MarketLine
Published Dec 31, 2025
Length 37 Pages
SKU # MTLN20937251

Description

Life Insurance & Pension in Philippines

Summary

Life Insurance & Pension in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
  • The Filipino life insurance & pension market recorded gross written premiums of $5.6 billion in 2024, representing a compound annual growth rate (CAGR) of 5.5% between 2019 and 2024.
  • The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $5.0 billion, equivalent to 89.4% of the market's overall value.
  • The Filipino life insurance & pension market experienced an annual revenue growth of 6.6% in 2024, primarily driven by the increasing population of individuals aged 65 and above.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance & pension market in Philippines
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Philippines
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Philippines life insurance & pension market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Philippines life insurance & pension market by value in 2024?
  • What will be the size of the Philippines life insurance & pension market in 2029?
  • What factors are affecting the strength of competition in the Philippines life insurance & pension market?
  • How has the market performed over the last five years?
  • How large is Philippines’s life insurance & pension market in relation to its regional counterparts?

Table of Contents

37 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths of the leading players?
7.4. What are the strategies of the leading players?
7.5. What are the recent developments in the market?
8 Company Profiles
8.1. Pru Life Insurance Corporation of UK
8.2. Sun Life of Canada (Philippines), Inc
8.3. Allianz PNB Life Insurance Inc
8.4. Philippine AXA Life Insurance Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Philippines life insurance & pension market value: $ billion, 2019-24
Table 2: Philippines life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: Philippines life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: Philippines life insurance & pension market geography segmentation: $ billion, 2024
Table 5: Philippines life insurance & pension market value forecast: $ billion, 2024-29
Table 6: Philippines life insurance & pension market share: % share, by value, 2024
Table 7: Pru Life Insurance Corporation of UK: Key Facts
Table 8: Sun Life of Canada (Philippines), Inc: Key Facts
Table 9: Allianz PNB Life Insurance Inc: Key Facts
Table 10: Allianz PNB Life Insurance Inc: Key Employees
Table 11: Philippine AXA Life Insurance Corp: Key Facts
Table 12: Philippine AXA Life Insurance Corp: Key Employees
Table 13: Philippines Size of Population (Million), 2020-24
Table 14: Philippines Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 15: Philippines GDP (Current Prices, $ Billion), 2020-24
Table 16: Philippines Inflation, 2020-24
Table 17: Philippines Consumer Price Index (Absolute), 2020-24
Table 18: Philippines Exchange Rate, 2019-24
List of Figures
Figure 1: Philippines life insurance & pension market value: $ billion, 2019-24
Figure 2: Philippines life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: Philippines life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: Philippines life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in Philippines, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in Philippines, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in Philippines, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Philippines, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Philippines, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Philippines, 2024
Figure 11: Philippines life insurance & pension market share: % share, by value, 2024

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