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Reinsurance in the Philippines, Key Trends and Opportunities to 2020

Reinsurance in the Philippines, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Reinsurance in the Philippines, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Philippine reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Philippine economy and demographics, and provides detailed analysis of natural hazards and their impact on the Philippine insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric’s 'Reinsurance in the Philippines, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Philippine reinsurance segment, including:

  • An outlook of the Philippine reinsurance segment
  • A comprehensive overview of the Philippine economy and demographics
  • Detailed analysis of natural hazards and their impact on the Philippine insurance industry
  • The competitive landscape in the Philippine reinsurance segment
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 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Philippine reinsurance segment, and market forecasts to 2020.
  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the Philippines, and the reinsurance segment's growth prospects.
  • It analyzes various natural hazards and their impact on the Philippine insurance industry
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Philippine reinsurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Philippine reinsurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Philippine insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The premium accepted by the Philippine reinsurance segment decreased at a review-period CAGR of -8.7%.
  • PhilNaRe is the country’s sole reinsurer. According to Presidential Decree No. 1270 of 1977, all insurers operating in the Philippines must cede 10% of their foreign outward reinsurance business to PhilNaRe.
  • The government is considering the establishment of a disaster insurance pool to cover residential properties and SMEs against typhoons, earthquakes, floods and storms.
  • The country is highly prone to natural disasters, which keeps reinsurance demand afloat; the country was ranked fourth in this respect, according to the United Nations Office for Disaster Risk Reduction.


  • Key Facts and Highlights
    • Table Philippine Reinsurance - Key Facts, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Philippine Government Credit Ratings
  • Reinsurance outlook
    • Reinsurance Segment Size, 2011-2020
      • Total reinsurance premium accepted
        • Table Philippine Reinsurance - Total Premium Accepted (PHP Billion and US$ Million), 2011-2015
        • Table Philippine Reinsurance - Total Premium Accepted (PHP Billion and US$ Billion), 2015-2020
    • Reinsurance Segment Size by Premium Ceded, 2011-2020
      • Table Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2011-2015
      • Table Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2015-2020
      • Table Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
      • Table Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
      • Table Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
      • Table Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
      • Table Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
      • Table Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
  • Natural Hazards
    • Table Philippine Average Annual Loss by Hazard, 1990-2014
    • Table Philippine Worst Disasters in Terms of Number of Casualties
    • Storms
    • Floods
    • Earthquakes
      • Table Philippine Biggest Earthquakes in Terms of Magnitude
    • Landslides
    • Volcanic Eruptions
    • Exposure
      • Table Philippine All Natural Catastrophes in 2013 and 2014
  • Competitive Landscape
    • Company Profiles
      • National Reinsurance Corporation of the Philippines - company overview
        • Table National Reinsurance Corporation of the Philippines - Key Facts
        • Table National Reinsurance Corporation of the Philippines - Key Financials (PHP Million), 2011-2015
  • Definition and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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