Synopsis
The report provides top-level market analysis, information and insights into the Philippine personal accident and health insurance market, including:
Summary
Natural disasters such as Typhoon Ondoy, which caused widespread damage in the Philippines in 2009, and recent events in neighboring countries such as Japan, have significantly increased Philippine consumer awareness of the need for, and benefits of, insurance. The Philippine personal accident and health insurance segment grew at a healthy rate during the review period. This growth was fuelled by the country’s rising healthcare expenditure, the increasing disposable income of much of the Philippine population, and the growing number of private hospitals in the country. As of 2011, private hospitals account for 65% of the total hospitals available in the country.
Scope
This report provides a comprehensive analysis of the personal accident and health insurance market in the Philippines:
Reasons To Buy
Key Highlights
The report provides top-level market analysis, information and insights into the Philippine personal accident and health insurance market, including:
- The Philippine personal accident and health insurance market’s growth prospects by personal accident and health insurance categories
- The various distribution channels in the Philippine personal accident and health insurance market
- The competitive landscape in the personal accident and health insurance market
- A description of the personal accident and health reinsurance market in the Philippines
Summary
Natural disasters such as Typhoon Ondoy, which caused widespread damage in the Philippines in 2009, and recent events in neighboring countries such as Japan, have significantly increased Philippine consumer awareness of the need for, and benefits of, insurance. The Philippine personal accident and health insurance segment grew at a healthy rate during the review period. This growth was fuelled by the country’s rising healthcare expenditure, the increasing disposable income of much of the Philippine population, and the growing number of private hospitals in the country. As of 2011, private hospitals account for 65% of the total hospitals available in the country.
Scope
This report provides a comprehensive analysis of the personal accident and health insurance market in the Philippines:
- It provides historical values for the Philippine personal accident and health insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in the Philippine personal accident and health insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for personal accident and health insurance products in the Philippines
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in the Philippines for the personal accident and health insurance business
- It provides a detailed analysis of the reinsurance market in the Philippines and its growth prospects
- It profiles the top personal accident and health insurance companies in the Philippines and outlines the key regulations affecting them
Reasons To Buy
- Make strategic business decisions using top-level historic and forecast market data related to the Philippine personal accident and health insurance market and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Philippine personal accident and health insurance market
- Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Philippine personal accident and health insurance market and its impact on companies and the market's future
Key Highlights
- Personal accident insurance is the most popular category in the personal accident and health insurance segment due to the high frequency of typhoons in Philippines.
- The low standard of the country’s public healthcare system is encouraging a substantial proportion of the population to choose private healthcare facilities, although the high cost of such facilities restricts access to the country’s middle and upper classes.
- Market growth was fuelled by increasing medical expenditure and the rising disposable incomes of much of the Philippine population
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 PHILIPPINES INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent market developments
4 PERSONAL ACCIDENT AND HEALTH INSURANCE MARKET OUTLOOK
4.1 Personal Accident and Health Insurance Growth Prospects by Category
4.2 Personal accident category
4.3 Travel insurance category
4.4 Health insurance category
5 ANALYSIS BY DISTRIBUTION CHANNELS
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 Other Channels
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – PHILIPPINE PERSONAL ACCIDENT AND HEALTH INSURANCE SEGMENT
7.1 Bargaining power of supplier: High
7.2 Bargaining power of buyer: low to medium
7.3 Barriers to entry: low to medium
7.4 Intensity of rivalry: high
7.5 Threat of substitutes: low
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance Market Size by Insurance Segment, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the Philippine Personal Accident and Health Insurance Segment
9.3 Philippine Health Insurance Corporation – company overview
9.3.1 Philippine Health Insurance Corporation – key facts
9.3.2 Philippine Health Insurance Corporation – main products
9.3.3 Philippine Health Insurance Corporation – main competitors
9.3.4 Philippine Health Insurance Corporation – key employees
9.4 Mapfre Insular Insurance Corporation – company overview
9.4.1 Mapfre Insular Insurance Corporation – key facts
9.4.2 Mapfre Insular Insurance Corporation – main products
9.4.3 Mapfre Insular Insurance Corporation – main competitors
9.4.4 Mapfre Insular Insurance Corporation – key employees
9.5 UCPB General Insurance Co., Inc. – company overview
9.5.1 UCPB General Insurance Co., Inc. – key facts
9.5.2 UCPB General Insurance Co., Inc. – main products
9.5.3 UCPB General Insurance Co., Inc. – main competitors
9.5.4 UCPB General Insurance Co., Inc. – key employees
9.6 Federal Phoenix Assurance co – company overview
9.6.1 Federal Phoenix Assurance co – key facts
9.6.2 Federal Phoenix Assurance co – main products
9.6.3 Federal Phoenix Assurance co – main competitors
9.6.4 Federal Phoenix Assurance co – key employees
9.7 Insular Health Care, Inc. – Company Overview
9.7.1 Insular Health Care, Inc. – key facts
9.7.2 Insular Health Care, Inc. – main products
9.7.3 Insular Health Care, Inc. – main competitors
9.7.4 Insular Health Care, Inc. – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence index
10.1.2 Market capitalization trend – Philippine Stock Exchange
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP split by key segments
10.2.6 Agriculture net output at current prices (Philippine peso)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as percentage of GDP
10.2.9 Manufacturing net output at current prices (Philippine peso)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Philippine peso)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices as percentage of GDP
10.2.15 Construction net output at current prices (Philippine peso)
10.2.16 Construction net output at current prices (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Fiscal balance as a percentage of GDP
10.2.20 Current account balance as a percentage of GDP
10.2.21 Exports as a percentage of GDP
10.2.22 Imports as a percentage of GDP
10.2.23 Exports growth
10.2.24 Imports growth
10.2.25 Annual average exchange rate US$–PHP
10.2.26 End of the period exchange rate US$–PHP
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and seaports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle sales volume
10.3.4 Commercial vehicle sales volume
10.3.5 Automotive products exports trend
10.3.6 Automotive products imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of population
10.5.6 Male percentage of population
10.5.7 Mean age of population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: Philippine Insurance – Overall Written Premium by Insurance Segment (PHP Billion), 2007–2011
Table 3: Philippine Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2007–2011
Table 4: Philippine Insurance – Overall Written Premium by Insurance Segment (PHP Billion), 2011–2016
Table 5: Philippine Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2011–2016
Table 6: Philippine Insurance Segmentation (%), 2007–2016
Table 7: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2007–2011
Table 8: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2011–2016
Table 10: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Personal Accident and Health Insurance – Paid Claims by Category (PHP Billion), 2007–2011
Table 12: Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2007–2011
Table 13: Personal Accident and Health Insurance – Paid Claims by Category (PHP Billion), 2011–2016
Table 14: Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2011–2016
Table 15: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2007–2011
Table 16: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2011–2016
Table 17: Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Table 18: Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Table 19: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2007–2011
Table 20: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2011–2016
Table 21: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2007–2011
Table 22: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2011–2016
Table 23: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2007–2011
Table 24: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2011–2016
Table 25: Personal Accident and Health Insurance – Retentions (PHP Billion), 2007–2011
Table 26: Personal Accident and Health Insurance – Retentions (PHP Billion), 2011–2016
Table 27: Personal Accident Insurance Category by Volume (Thousand), 2007–2011
Table 28: Personal Accident Insurance Category by Volume (Thousand), 2011–2016
Table 29: Personal Accident Insurance Category by Written Premium (PHP Billion), 2007–2011
Table 30: Personal Accident Insurance Category by Written Premium (PHP Billion), 2011–2016
Table 31: Travel Insurance Category by Volume (Thousand), 2007–2011
Table 32: Travel Insurance Category by Volume (Thousand), 2011–2016
Table 33: Travel Insurance Category by Written Premium (PHP Billion), 2007–2011
Table 34: Travel Insurance Category by Written Premium (PHP Billion), 2011–2016
Table 35: Health Insurance Category by Volume (Thousand), 2007–2011
Table 36: Health Insurance Category by Volume (Thousand), 2011–2016
Table 37: Health Insurance Category by Written Premium (PHP Billion), 2007–2011
Table 38: Health Insurance Category by Written Premium (PHP Billion), 2011–2016
Table 39: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2007–2011
Table 40: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2011–2016
Table 41: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2007–2011
Table 42: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2011–2016
Table 43: Personal Accident and Health Insurance – Policies Through Direct Marketing (Thousand), 2007–2011
Table 44: Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 45: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 46: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 47: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2007–2011
Table 48: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2011–2016
Table 49: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2007–2011
Table 50: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2011–2016
Table 51: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 52: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 53: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2007–2011
Table 54: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2011–2016
Table 55: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2007–2011
Table 56: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2011–2016
Table 57: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2007–2011
Table 58: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2011–2016
Table 59: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 60: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 61: Personal Accident and Health Insurance – Number of Agencies, 2007–2011
Table 62: Personal Accident and Health Insurance – Number of Agencies, 2011–2016
Table 63: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2007–2011
Table 64: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2011–2016
Table 65: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2007–2011
Table 66: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2011–2016
Table 67: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 68: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 69: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2007–2011
Table 70: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2011–2016
Table 71: Philippine Reinsurance Market Size by Category (PHP Billion), 2007–2011
Table 72: Philippine Reinsurance Market Size by Category (US$ Billion), 2007–2011
Table 73: Philippine Reinsurance Market Size by Category (PHP Billion), 2011–2016
Table 74: Philippine Reinsurance Market Size by Category (US$ Billion), 2011–2016
Table 75: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (PHP Billion), 2007–2011
Table 76: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 77: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (PHP Billion), 2011–2016
Table 78: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 79: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 80: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 81: Philippines Personal Accident and Health Insurance Segment, 2011
Table 82: Philippine Health Insurance Corporation, Key Facts
Table 83: Philippine Health Insurance Corporation, Main Products
Table 84: Philippine Health Insurance Corporation, Key Employees
Table 85: Mapfre Insular Insurance Corporation, Key Facts
Table 86: Mapfre Insular Insurance Corporation, Main Products
Table 87: Mapfre Insular Insurance Corporation, Key Employees
Table 88: UCPB General Insurance Co., Inc., Key Facts
Table 89: UCPB General Insurance Co., Inc., Main Products
Table 90: UCPB General Insurance Co., Inc., Key Employees
Table 91: Federal Phoenix Assurance co, Key Facts
Table 92: Federal Phoenix Assurance co, Main Products
Table 93: Federal Phoenix Assurance co, Key Employees
Table 94: Insular Health Care, Inc., Key Facts
Table 95: Insular Health Care, Inc., Main Products
Table 96: Insular Health Care, Inc., Key Employees
LIST OF FIGURES
Figure 1: Philippine Insurance – Overall Written Premium by Insurance Segment (PHP Billion), 2007–2016
Figure 2: Philippine Insurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 3: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2007–2016
Figure 4: Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Personal Accident and Health Insurance Dynamics by Category, 2007–2016
Figure 6: Personal Accident and Health Insurance – Paid Claims by Category (PHP Billion), 2007–2016
Figure 7: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2007–2011
Figure 8: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2011–2016
Figure 9: Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Figure 10: Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Figure 11: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2007–2011
Figure 12: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2011–2016
Figure 13: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2007–2011
Figure 14: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2011–2016
Figure 15: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2007–2011
Figure 16: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2011–2016
Figure 17: Personal Accident and Health Insurance – Retentions (PHP Billion), 2007–2011
Figure 18: Personal Accident and Health Insurance – Retentions (PHP Billion), 2011–2016
Figure 19: Personal Accident and Health Insurance – Investment by Type (PHP Billion), 2007–2011
Figure 20: Personal Accident and Health Insurance – Investment by Type (% Share), 2007 and 2011
Figure 21: Personal Accident and Health Insurance – Density and Penetration (%), 2007–2011
Figure 22: Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 23: Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 24: Personal Accident and Health Insurance – Premium Per Capita (PHP), 2007–2011
Figure 25: Personal Accident Insurance Category by Volume (Thousand), 2007–2011
Figure 26: Personal Accident Insurance Category by Volume (Thousand), 2011–2016
Figure 27: Personal Accident Insurance Category by Written Premium (PHP Billion), 2007–2011
Figure 28: Personal Accident Insurance Category by Written Premium (PHP Billion), 2011–2016
Figure 29: Travel Insurance Category by Volume (Thousand), 2007–2011
Figure 30: Travel Insurance Category by Volume (Thousand), 2011–2016
Figure 31: Travel Insurance Category by Written Premium (PHP Billion), 2007–2011
Figure 32: Travel Insurance Category by Written Premium (PHP Billion), 2011–2016
Figure 33: Health Insurance Category by Volume (Thousand), 2007–2011
Figure 34: Health Insurance Category by Volume (Thousand), 2011–2016
Figure 35: Health Insurance Category by Written Premium (PHP Billion), 2007–2011
Figure 36: Health Insurance Category by Written Premium (PHP Billion), 2011–2016
Figure 37: Personal Accident and Health Insurance New Business Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 38: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2007–2011
Figure 39: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2011–2016
Figure 40: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2007–2011
Figure 41: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2011–2016
Figure 42: Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 43: Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 44: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 45: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 46: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2007–2011
Figure 47: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2011–2016
Figure 48: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2007–2011
Figure 49: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2011–2016
Figure 50: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 51: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 52: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 53: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 54: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2007–2011
Figure 55: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2011–2016
Figure 56: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2007–2011
Figure 57: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2011–2016
Figure 58: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 59: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 60: Personal Accident and Health Insurance – Number of Agencies, 2007–2011
Figure 61: Personal Accident and Health Insurance – Number of Agencies, 2011–2016
Figure 62: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2007–2011
Figure 63: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2011–2016
Figure 64: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2007–2011
Figure 65: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2011–2016
Figure 66: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 67: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 68: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 69: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 70: Philippine Personal Accident and Health Insurance Market – Five Forces Analysis
Figure 71: Philippine Reinsurance Market Size by Category (PHP Billion), 2007–2016
Figure 72: Philippine Reinsurance Market Size by Category (% Share), 2011 and 2016
Figure 73: Philippine Reinsurance Market Dynamics by Category, 2007–2016
Figure 74: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (PHP Billion), 2007–2016
Figure 75: Philippine Reinsurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 76: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 77: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 78: Philippine Business Confidence Index, 2008–2011
Figure 79: Philippine Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 80: Philippine GDP at Constant Prices (US$ Billion), 2007–2016
Figure 81: Philippine GDP Per Capita at Constant Prices (US$ Billion), 2007–2016
Figure 82: Philippine GDP at Current Prices (US$ Billion), 2007–2016
Figure 83: Philippine GDP Per Capita at Current Prices (US$), 2007–2016
Figure 84: Philippine GDP Split by Key Segments (%) 2009 and 2011
Figure 85: Philippine Agriculture Net Output at Current Prices (PHP Billion), 2007–2016
Figure 86: Philippine Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 87: Philippine Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 88: Philippine Manufacturing Net Output at Current Prices (PHP Billion), 2007–2016
Figure 89: Philippine Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 90: Philippine Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 91: Philippine Mining, Manufacturing and Utilities Net Output at Current Prices (PHP Billion), 2007–2016
Figure 92: Philippine Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 93: Philippine Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 94: Philippine Construction Net Output at Current Prices (PHP Billion), 2007–2016
Figure 95: Philippine Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 96: Philippine Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 97: Philippine Inflation Rate (%), 2007–2016
Figure 98: Philippine Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 99: Philippine Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 100: Philippine Exports as a Percentage of GDP (%), 2007–2016
Figure 101: Philippine Imports as a Percentage of GDP (%), 2007–2016
Figure 102: Philippine Exports Growth (%), 2007–2016
Figure 103: Philippine Imports Growth (%), 2007–2016
Figure 104: Philippine Annual Average Exchange Rate US$–PHP, 2007–2011
Figure 105: Philippine End of the Period Exchange Rate US$–PHP, 2007–2011
Figure 106: Philippine Airports and Seaports (Number of), 2011
Figure 107: Philippine Railways and Roadways (Kilometers), 2011
Figure 108: Philippine Passenger Vehicle Production (Thousand Units), 2007–2016
Figure 109: Philippines Commercial Vehicle Production (Thousand Units), 2007–2016
Figure 110: Philippine Automotive Products Exports (US$ Billion), 2007–2016
Figure 111: Philippine Automotive Components Imports (US$ Billion), 2007–2016
Figure 112: Philippine Passenger Car Penetration (per Thousand people), 2007–2016
Figure 113: Philippine Healthcare Expenditure (US$ Billion), 2007–2016
Figure 114: Philippine Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 115: Philippine Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 116: Philippine Internet Subscriptions (Millions), 2007–2016
Figure 117: Philippine Size of Labor Force in 15–59 Age Group (Million), 2007–2016
Figure 118: Philippine Unemployment Rate (%), 2007–2016
Figure 119: Philippine Annual Disposable Income (US$ Billion), 2007–2016
Figure 120: Philippine Annual Per Capita Disposable Income (US$), 2007–2016
Figure 121: Philippine Total Population (Million), 2007–2016
Figure 122: Philippine Urban and Rural Population (%), 2007–2016
Figure 123: Philippine Female as a Percentage of Population (%), 2007–2016
Figure 124: Philippine Male as Percentage of Population (%), 2007–2016
Figure 125: Philippine Mean Age of Population (Years), 2007–2016
Figure 126: Philippine Median Age of Population (Years), 2007–2016
Figure 127: Philippine Population Density (per Square Kilometer), 2007–2016
Figure 128: Philippine Population Distribution by Age (%), 2007–2016
Figure 129: Philippine Male Population Distribution by Age (%), 2007–2016
Figure 130: Philippine Female Population Distribution by Age (%), 2007–2016
Figure 131: Philippine Households, Number of (Million), 2007–2016
Figure 132: Global Terrorism Heat Map, 2011
Figure 133: Philippine Transparency Index, 2007–2011
COMPANIES MENTIONED
Philippine Health Insurance Corporation
Mapfre Insular Insurance Corporation
UCPB General Insurance Co., Inc
BUPA International
Pacific Prime Insurance
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 PHILIPPINES INSURANCE INDUSTRY ATTRACTIVENESS
3.1 Insurance Industry Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent market developments
4 PERSONAL ACCIDENT AND HEALTH INSURANCE MARKET OUTLOOK
4.1 Personal Accident and Health Insurance Growth Prospects by Category
4.2 Personal accident category
4.3 Travel insurance category
4.4 Health insurance category
5 ANALYSIS BY DISTRIBUTION CHANNELS
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 Other Channels
6 REGULATORY POLICIES
7 PORTER’S FIVE FORCES ANALYSIS – PHILIPPINE PERSONAL ACCIDENT AND HEALTH INSURANCE SEGMENT
7.1 Bargaining power of supplier: High
7.2 Bargaining power of buyer: low to medium
7.3 Barriers to entry: low to medium
7.4 Intensity of rivalry: high
7.5 Threat of substitutes: low
8 REINSURANCE GROWTH DYNAMICS AND CHALLENGES
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance Market Size by Insurance Segment, 2007–2016
9 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS
9.1 Overview
9.2 Leading Companies in the Philippine Personal Accident and Health Insurance Segment
9.3 Philippine Health Insurance Corporation – company overview
9.3.1 Philippine Health Insurance Corporation – key facts
9.3.2 Philippine Health Insurance Corporation – main products
9.3.3 Philippine Health Insurance Corporation – main competitors
9.3.4 Philippine Health Insurance Corporation – key employees
9.4 Mapfre Insular Insurance Corporation – company overview
9.4.1 Mapfre Insular Insurance Corporation – key facts
9.4.2 Mapfre Insular Insurance Corporation – main products
9.4.3 Mapfre Insular Insurance Corporation – main competitors
9.4.4 Mapfre Insular Insurance Corporation – key employees
9.5 UCPB General Insurance Co., Inc. – company overview
9.5.1 UCPB General Insurance Co., Inc. – key facts
9.5.2 UCPB General Insurance Co., Inc. – main products
9.5.3 UCPB General Insurance Co., Inc. – main competitors
9.5.4 UCPB General Insurance Co., Inc. – key employees
9.6 Federal Phoenix Assurance co – company overview
9.6.1 Federal Phoenix Assurance co – key facts
9.6.2 Federal Phoenix Assurance co – main products
9.6.3 Federal Phoenix Assurance co – main competitors
9.6.4 Federal Phoenix Assurance co – key employees
9.7 Insular Health Care, Inc. – Company Overview
9.7.1 Insular Health Care, Inc. – key facts
9.7.2 Insular Health Care, Inc. – main products
9.7.3 Insular Health Care, Inc. – main competitors
9.7.4 Insular Health Care, Inc. – key employees
10 BUSINESS ENVIRONMENT AND COUNTRY RISK
10.1 Business Confidence
10.1.1 Business confidence index
10.1.2 Market capitalization trend – Philippine Stock Exchange
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP split by key segments
10.2.6 Agriculture net output at current prices (Philippine peso)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as percentage of GDP
10.2.9 Manufacturing net output at current prices (Philippine peso)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Philippine peso)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices as percentage of GDP
10.2.15 Construction net output at current prices (Philippine peso)
10.2.16 Construction net output at current prices (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Fiscal balance as a percentage of GDP
10.2.20 Current account balance as a percentage of GDP
10.2.21 Exports as a percentage of GDP
10.2.22 Imports as a percentage of GDP
10.2.23 Exports growth
10.2.24 Imports growth
10.2.25 Annual average exchange rate US$–PHP
10.2.26 End of the period exchange rate US$–PHP
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and seaports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle sales volume
10.3.4 Commercial vehicle sales volume
10.3.5 Automotive products exports trend
10.3.6 Automotive products imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of population
10.5.6 Male percentage of population
10.5.7 Mean age of population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 APPENDIX
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
LIST OF TABLES
Table 1: Insurance Industry Definitions
Table 2: Philippine Insurance – Overall Written Premium by Insurance Segment (PHP Billion), 2007–2011
Table 3: Philippine Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2007–2011
Table 4: Philippine Insurance – Overall Written Premium by Insurance Segment (PHP Billion), 2011–2016
Table 5: Philippine Insurance – Overall Written Premium by Insurance Segment (US$ Billion), 2011–2016
Table 6: Philippine Insurance Segmentation (%), 2007–2016
Table 7: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2007–2011
Table 8: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2011–2016
Table 10: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Personal Accident and Health Insurance – Paid Claims by Category (PHP Billion), 2007–2011
Table 12: Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2007–2011
Table 13: Personal Accident and Health Insurance – Paid Claims by Category (PHP Billion), 2011–2016
Table 14: Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2011–2016
Table 15: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2007–2011
Table 16: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2011–2016
Table 17: Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Table 18: Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Table 19: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2007–2011
Table 20: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2011–2016
Table 21: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2007–2011
Table 22: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2011–2016
Table 23: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2007–2011
Table 24: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2011–2016
Table 25: Personal Accident and Health Insurance – Retentions (PHP Billion), 2007–2011
Table 26: Personal Accident and Health Insurance – Retentions (PHP Billion), 2011–2016
Table 27: Personal Accident Insurance Category by Volume (Thousand), 2007–2011
Table 28: Personal Accident Insurance Category by Volume (Thousand), 2011–2016
Table 29: Personal Accident Insurance Category by Written Premium (PHP Billion), 2007–2011
Table 30: Personal Accident Insurance Category by Written Premium (PHP Billion), 2011–2016
Table 31: Travel Insurance Category by Volume (Thousand), 2007–2011
Table 32: Travel Insurance Category by Volume (Thousand), 2011–2016
Table 33: Travel Insurance Category by Written Premium (PHP Billion), 2007–2011
Table 34: Travel Insurance Category by Written Premium (PHP Billion), 2011–2016
Table 35: Health Insurance Category by Volume (Thousand), 2007–2011
Table 36: Health Insurance Category by Volume (Thousand), 2011–2016
Table 37: Health Insurance Category by Written Premium (PHP Billion), 2007–2011
Table 38: Health Insurance Category by Written Premium (PHP Billion), 2011–2016
Table 39: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2007–2011
Table 40: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2011–2016
Table 41: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2007–2011
Table 42: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2011–2016
Table 43: Personal Accident and Health Insurance – Policies Through Direct Marketing (Thousand), 2007–2011
Table 44: Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Table 45: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 46: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 47: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2007–2011
Table 48: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2011–2016
Table 49: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2007–2011
Table 50: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2011–2016
Table 51: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Table 52: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Table 53: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2007–2011
Table 54: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2011–2016
Table 55: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2007–2011
Table 56: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2011–2016
Table 57: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2007–2011
Table 58: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2011–2016
Table 59: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 60: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 61: Personal Accident and Health Insurance – Number of Agencies, 2007–2011
Table 62: Personal Accident and Health Insurance – Number of Agencies, 2011–2016
Table 63: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2007–2011
Table 64: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2011–2016
Table 65: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2007–2011
Table 66: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2011–2016
Table 67: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Table 68: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Table 69: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2007–2011
Table 70: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2011–2016
Table 71: Philippine Reinsurance Market Size by Category (PHP Billion), 2007–2011
Table 72: Philippine Reinsurance Market Size by Category (US$ Billion), 2007–2011
Table 73: Philippine Reinsurance Market Size by Category (PHP Billion), 2011–2016
Table 74: Philippine Reinsurance Market Size by Category (US$ Billion), 2011–2016
Table 75: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (PHP Billion), 2007–2011
Table 76: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (US$ Billion), 2007–2011
Table 77: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (PHP Billion), 2011–2016
Table 78: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (US$ Billion), 2011–2016
Table 79: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 80: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 81: Philippines Personal Accident and Health Insurance Segment, 2011
Table 82: Philippine Health Insurance Corporation, Key Facts
Table 83: Philippine Health Insurance Corporation, Main Products
Table 84: Philippine Health Insurance Corporation, Key Employees
Table 85: Mapfre Insular Insurance Corporation, Key Facts
Table 86: Mapfre Insular Insurance Corporation, Main Products
Table 87: Mapfre Insular Insurance Corporation, Key Employees
Table 88: UCPB General Insurance Co., Inc., Key Facts
Table 89: UCPB General Insurance Co., Inc., Main Products
Table 90: UCPB General Insurance Co., Inc., Key Employees
Table 91: Federal Phoenix Assurance co, Key Facts
Table 92: Federal Phoenix Assurance co, Main Products
Table 93: Federal Phoenix Assurance co, Key Employees
Table 94: Insular Health Care, Inc., Key Facts
Table 95: Insular Health Care, Inc., Main Products
Table 96: Insular Health Care, Inc., Key Employees
LIST OF FIGURES
Figure 1: Philippine Insurance – Overall Written Premium by Insurance Segment (PHP Billion), 2007–2016
Figure 2: Philippine Insurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 3: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2007–2016
Figure 4: Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Personal Accident and Health Insurance Dynamics by Category, 2007–2016
Figure 6: Personal Accident and Health Insurance – Paid Claims by Category (PHP Billion), 2007–2016
Figure 7: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2007–2011
Figure 8: Personal Accident and Health Insurance – Incurred Loss (PHP Billion), 2011–2016
Figure 9: Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Figure 10: Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Figure 11: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2007–2011
Figure 12: Personal Accident and Health Insurance – Frauds and Crimes (PHP Billion), 2011–2016
Figure 13: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2007–2011
Figure 14: Personal Accident and Health Insurance – Total Assets (PHP Billion), 2011–2016
Figure 15: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2007–2011
Figure 16: Personal Accident and Health Insurance – Total Investment Income (PHP Billion), 2011–2016
Figure 17: Personal Accident and Health Insurance – Retentions (PHP Billion), 2007–2011
Figure 18: Personal Accident and Health Insurance – Retentions (PHP Billion), 2011–2016
Figure 19: Personal Accident and Health Insurance – Investment by Type (PHP Billion), 2007–2011
Figure 20: Personal Accident and Health Insurance – Investment by Type (% Share), 2007 and 2011
Figure 21: Personal Accident and Health Insurance – Density and Penetration (%), 2007–2011
Figure 22: Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 23: Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 24: Personal Accident and Health Insurance – Premium Per Capita (PHP), 2007–2011
Figure 25: Personal Accident Insurance Category by Volume (Thousand), 2007–2011
Figure 26: Personal Accident Insurance Category by Volume (Thousand), 2011–2016
Figure 27: Personal Accident Insurance Category by Written Premium (PHP Billion), 2007–2011
Figure 28: Personal Accident Insurance Category by Written Premium (PHP Billion), 2011–2016
Figure 29: Travel Insurance Category by Volume (Thousand), 2007–2011
Figure 30: Travel Insurance Category by Volume (Thousand), 2011–2016
Figure 31: Travel Insurance Category by Written Premium (PHP Billion), 2007–2011
Figure 32: Travel Insurance Category by Written Premium (PHP Billion), 2011–2016
Figure 33: Health Insurance Category by Volume (Thousand), 2007–2011
Figure 34: Health Insurance Category by Volume (Thousand), 2011–2016
Figure 35: Health Insurance Category by Written Premium (PHP Billion), 2007–2011
Figure 36: Health Insurance Category by Written Premium (PHP Billion), 2011–2016
Figure 37: Personal Accident and Health Insurance New Business Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 38: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2007–2011
Figure 39: Personal Accident and Health Insurance – Direct Marketing Commission Paid (PHP Billion), 2011–2016
Figure 40: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2007–2011
Figure 41: Personal Accident and Health Insurance – Written Premium Through Direct Marketing (PHP Billion), 2011–2016
Figure 42: Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2007–2011
Figure 43: Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2011–2016
Figure 44: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 45: Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 46: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2007–2011
Figure 47: Personal Accident and Health Insurance – Bancassurance Commission Paid (PHP Billion), 2011–2016
Figure 48: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2007–2011
Figure 49: Personal Accident and Health Insurance – Written Premium Through Bancassurance (PHP Billion), 2011–2016
Figure 50: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2007–2011
Figure 51: Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2011–2016
Figure 52: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 53: Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 54: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2007–2011
Figure 55: Personal Accident and Health Insurance – Commission Paid to Agencies (PHP Billion), 2011–2016
Figure 56: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2007–2011
Figure 57: Personal Accident and Health Insurance – Written Premium Through Agencies (PHP Billion), 2011–2016
Figure 58: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 59: Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 60: Personal Accident and Health Insurance – Number of Agencies, 2007–2011
Figure 61: Personal Accident and Health Insurance – Number of Agencies, 2011–2016
Figure 62: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2007–2011
Figure 63: Personal Accident and Health Insurance – Commission Paid to Other Channels (PHP Billion), 2011–2016
Figure 64: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2007–2011
Figure 65: Personal Accident and Health Insurance – Written Premium Through Other Channels (PHP Billion), 2011–2016
Figure 66: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2007–2011
Figure 67: Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2011–2016
Figure 68: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 69: Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 70: Philippine Personal Accident and Health Insurance Market – Five Forces Analysis
Figure 71: Philippine Reinsurance Market Size by Category (PHP Billion), 2007–2016
Figure 72: Philippine Reinsurance Market Size by Category (% Share), 2011 and 2016
Figure 73: Philippine Reinsurance Market Dynamics by Category, 2007–2016
Figure 74: Philippine Reinsurance – Reinsurance Ceded by Insurance Segment (PHP Billion), 2007–2016
Figure 75: Philippine Reinsurance – Market Dynamics by Insurance Segment, 2007–2016
Figure 76: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 77: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 78: Philippine Business Confidence Index, 2008–2011
Figure 79: Philippine Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 80: Philippine GDP at Constant Prices (US$ Billion), 2007–2016
Figure 81: Philippine GDP Per Capita at Constant Prices (US$ Billion), 2007–2016
Figure 82: Philippine GDP at Current Prices (US$ Billion), 2007–2016
Figure 83: Philippine GDP Per Capita at Current Prices (US$), 2007–2016
Figure 84: Philippine GDP Split by Key Segments (%) 2009 and 2011
Figure 85: Philippine Agriculture Net Output at Current Prices (PHP Billion), 2007–2016
Figure 86: Philippine Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 87: Philippine Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 88: Philippine Manufacturing Net Output at Current Prices (PHP Billion), 2007–2016
Figure 89: Philippine Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 90: Philippine Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 91: Philippine Mining, Manufacturing and Utilities Net Output at Current Prices (PHP Billion), 2007–2016
Figure 92: Philippine Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2016
Figure 93: Philippine Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 94: Philippine Construction Net Output at Current Prices (PHP Billion), 2007–2016
Figure 95: Philippine Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 96: Philippine Construction Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 97: Philippine Inflation Rate (%), 2007–2016
Figure 98: Philippine Fiscal Balance as a Percentage of GDP (%), 2007–2011
Figure 99: Philippine Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 100: Philippine Exports as a Percentage of GDP (%), 2007–2016
Figure 101: Philippine Imports as a Percentage of GDP (%), 2007–2016
Figure 102: Philippine Exports Growth (%), 2007–2016
Figure 103: Philippine Imports Growth (%), 2007–2016
Figure 104: Philippine Annual Average Exchange Rate US$–PHP, 2007–2011
Figure 105: Philippine End of the Period Exchange Rate US$–PHP, 2007–2011
Figure 106: Philippine Airports and Seaports (Number of), 2011
Figure 107: Philippine Railways and Roadways (Kilometers), 2011
Figure 108: Philippine Passenger Vehicle Production (Thousand Units), 2007–2016
Figure 109: Philippines Commercial Vehicle Production (Thousand Units), 2007–2016
Figure 110: Philippine Automotive Products Exports (US$ Billion), 2007–2016
Figure 111: Philippine Automotive Components Imports (US$ Billion), 2007–2016
Figure 112: Philippine Passenger Car Penetration (per Thousand people), 2007–2016
Figure 113: Philippine Healthcare Expenditure (US$ Billion), 2007–2016
Figure 114: Philippine Healthcare Expenditure as a Percentage of GDP (%), 2007–2016
Figure 115: Philippine Per Capita Healthcare Expenditure (US$), 2007–2016
Figure 116: Philippine Internet Subscriptions (Millions), 2007–2016
Figure 117: Philippine Size of Labor Force in 15–59 Age Group (Million), 2007–2016
Figure 118: Philippine Unemployment Rate (%), 2007–2016
Figure 119: Philippine Annual Disposable Income (US$ Billion), 2007–2016
Figure 120: Philippine Annual Per Capita Disposable Income (US$), 2007–2016
Figure 121: Philippine Total Population (Million), 2007–2016
Figure 122: Philippine Urban and Rural Population (%), 2007–2016
Figure 123: Philippine Female as a Percentage of Population (%), 2007–2016
Figure 124: Philippine Male as Percentage of Population (%), 2007–2016
Figure 125: Philippine Mean Age of Population (Years), 2007–2016
Figure 126: Philippine Median Age of Population (Years), 2007–2016
Figure 127: Philippine Population Density (per Square Kilometer), 2007–2016
Figure 128: Philippine Population Distribution by Age (%), 2007–2016
Figure 129: Philippine Male Population Distribution by Age (%), 2007–2016
Figure 130: Philippine Female Population Distribution by Age (%), 2007–2016
Figure 131: Philippine Households, Number of (Million), 2007–2016
Figure 132: Global Terrorism Heat Map, 2011
Figure 133: Philippine Transparency Index, 2007–2011
COMPANIES MENTIONED
Philippine Health Insurance Corporation
Mapfre Insular Insurance Corporation
UCPB General Insurance Co., Inc
BUPA International
Pacific Prime Insurance
