New market study, "Philippines Insurance Report Q4 2015", has been published

From: Fast Market Research, Inc.
Published: Sun Sep 13 2015

By various metrics, the Philippines ' insurance sector is under-developed. It will remain so in 2019. Nevertheless, the trends are positive. In the life segment, increasing numbers of households and companies are becoming able to afford the wealth and protection offerings of the life insurers. This is partly due to rising incomes and partly due to initiatives on the part of the insurers themselves to educate potential clients. In the non-life segment, premiums should rise as a result of the growth of the economy and, in motor and property insurance, higher prices. There is no reason why premiums cannot continue to expand strongly beyond the end of the forecast period.

At first glance, many of the key metrics of the Philippines' insurance sector are very uninspiring. Life insurance premiums are, in 2015, equivalent to just under USD40 per capita, or 1.3% of GDP. By the end of the forecast period, in 2019, penetration should have fallen to 1.2% of GDP. In the non-life segment, premiums amount to a little over USD12 per capita and are expected to remain at around 0.4% of GDP over the next five years.

Full Report Details at

The Philippines Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Philippines Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Philippine insurance industry.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for Philippines to test other views - a key input for successful budgeting and strategic business planning in Philippines's insurance market.
* Target business opportunities and risks in Philippines through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).


BMI Industry View

Summary of BMI’s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Czech Republic Insurance Report Q4 2015
- Brazil Insurance Report Q4 2015
- Turkey Insurance Report Q4 2015
- Russia Insurance Report Q4 2015
- Kenya Insurance Report Q4 2015

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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