Insurance in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Filipino insurance market had total gross written premiums of $6.4bn in 2020, representing a compound annual growth rate (CAGR) of 5.8% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $4.5bn, equivalent to 70.5% of the market's overall value.
- The COVID-19 pandemic has had a significant impact on many markets around the world, including insurance. Interest rate cuts have constrained insurers’ profits, while demand for certain types of insurance, such as motor and travel, has been dampened by nationwide lockdown restrictions.
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 automotive manufacturing market by value in 2020?
- What will be the size of the Philippines automotive manufacturing market in 2025?
- What factors are affecting the strength of competition in the Philippines automotive manufacturing market?
- How has the market performed over the last five years?
- What are the main segments that make up Philippines's automotive manufacturing market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Sun Life Financial Inc
- AXA SA
- AIA Group Ltd
- Pru Life UK
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 48 |
| Published | November 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 6.41 Billion |
| Forecasted Market Value ( USD | $ 7.69 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Philippines |
