Non-Life Insurance in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Filipino non-life insurance market had total gross written premiums of $2.1 billion in 2022, representing a compound annual growth rate (CAGR) of 8.6% between 2017 and 2022.
- The property segment accounted for the market's largest proportion in 2022, with total gross written premiums of $0.8 billion, equivalent to 37.4% of the market's overall value.
- The expansion of microinsurance is supporting the market growth. According to the Philippines Insurance Commission, the microinsurance premium collection by mutual benefit associations (MBAs) from non-life insurance witnessed an annual growth of 84.1% in Q2 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Philippines
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines non-life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Philippines non-life insurance market by value in 2022?
- What will be the size of the Philippines non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Philippines non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Philippines's non-life insurance 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:
- BPI/MS Insurance Corp
- Malayan Insurance Co Inc
- Pioneer Insurance & Surety Corp
- Prudential Guarantee and Assurance Inc
