Insurance in Philippines
Insurance in Philippines
Summary
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
Summary
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 is expected to generate total gross written premiums of $5.8bn in 2020, representing a compound annual growth rate (CAGR) of 4.6% between 2016 and 2020.
- The life insurance segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $3.9bn, equivalent to 67.4% of the market's overall value.
- One of the main drivers of insurance spending is consumer confidence.
- 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
- What was the size of the Philippines insurance market by value in 2020?
- What will be the size of the Philippines insurance market in 2025?
- What factors are affecting the strength of competition in the Philippines insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Philippines's insurance market?
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 strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How the COVID-19 outbreak has impacted the sector?
8 COMPANY PROFILES
8.1. Sun Life Financial Inc
8.2. AXA SA
8.3. AIA Group Limited
8.4. Pru Life UK
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
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 strategies do the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How the COVID-19 outbreak has impacted the sector?
8 COMPANY PROFILES
8.1. Sun Life Financial Inc
8.2. AXA SA
8.3. AIA Group Limited
8.4. Pru Life UK
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 insurance market value: $ billion, 2016-20(e)
Table 2: Philippines insurance market category segmentation: $ billion, 2020(e)
Table 3: Philippines insurance market geography segmentation: $ billion, 2020(e)
Table 4: Philippines insurance market value forecast: $ billion, 2020-25
Table 5: Philippines insurance market share: % share, by value, 2020(e)
Table 7: Sun Life Financial Inc: Key Employees
Table 8: Sun Life Financial Inc: Key Employees Continued
Table 9: Sun Life Financial Inc: Key Employees Continued
Table 10: Sun Life Financial Inc: Key Employees Continued
Table 12: AXA SA: Key Employees
Table 13: AXA SA: Key Employees Continued
Table 14: AXA SA: Key Employees Continued
Table 15: AXA SA: Key Employees Continued
Table 17: AIA Group Limited: Key Employees
Table 19: Pru Life UK: Key Employees
Table 20: Philippines size of population (million), 2016-20
Table 21: Philippines gdp (constant 2005 prices, $ billion), 2016-20
Table 22: Philippines gdp (current prices, $ billion), 2016-20
Table 23: Philippines inflation, 2016-20
Table 24: Philippines consumer price index (absolute), 2016-20
Table 25: Philippines exchange rate, 2015-19
Table 1: Philippines insurance market value: $ billion, 2016-20(e)
Table 2: Philippines insurance market category segmentation: $ billion, 2020(e)
Table 3: Philippines insurance market geography segmentation: $ billion, 2020(e)
Table 4: Philippines insurance market value forecast: $ billion, 2020-25
Table 5: Philippines insurance market share: % share, by value, 2020(e)
Table 7: Sun Life Financial Inc: Key Employees
Table 8: Sun Life Financial Inc: Key Employees Continued
Table 9: Sun Life Financial Inc: Key Employees Continued
Table 10: Sun Life Financial Inc: Key Employees Continued
Table 12: AXA SA: Key Employees
Table 13: AXA SA: Key Employees Continued
Table 14: AXA SA: Key Employees Continued
Table 15: AXA SA: Key Employees Continued
Table 17: AIA Group Limited: Key Employees
Table 19: Pru Life UK: Key Employees
Table 20: Philippines size of population (million), 2016-20
Table 21: Philippines gdp (constant 2005 prices, $ billion), 2016-20
Table 22: Philippines gdp (current prices, $ billion), 2016-20
Table 23: Philippines inflation, 2016-20
Table 24: Philippines consumer price index (absolute), 2016-20
Table 25: Philippines exchange rate, 2015-19
LIST OF FIGURES
Figure 1: Philippines insurance market value: $ billion, 2016-20(e)
Figure 2: Philippines insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Philippines insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Philippines insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in Philippines, 2020
Figure 6: Drivers of buyer power in the insurance market in Philippines, 2020
Figure 7: Drivers of supplier power in the insurance market in Philippines, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Philippines, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Philippines, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Philippines, 2020
Figure 11: Philippines insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Sun Life Financial Inc
AXA SA
AIA Group Limited
Pru Life UK
Figure 1: Philippines insurance market value: $ billion, 2016-20(e)
Figure 2: Philippines insurance market category segmentation: % share, by value, 2020(e)
Figure 3: Philippines insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: Philippines insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance market in Philippines, 2020
Figure 6: Drivers of buyer power in the insurance market in Philippines, 2020
Figure 7: Drivers of supplier power in the insurance market in Philippines, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Philippines, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Philippines, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Philippines, 2020
Figure 11: Philippines insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
Sun Life Financial Inc
AXA SA
AIA Group Limited
Pru Life UK