Life Insurance in the Philippines, Key Trends and Opportunities to 2017

Date: November 8, 2013
Pages: 249
Price:
US$ 1,950.00
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Publisher: Timetric
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: L5D36FEF80CEN
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Life Insurance in the Philippines, Key Trends and Opportunities to 2017
SYNOPSIS

The report provides in depth market analysis, information and insights into the Philippine life insurance segment, including:
  • The Philippine life insurance segment’s growth prospects by life insurance categories
  • Key trends and drivers for the life insurance segment
  • The various distribution channels in the Philippine life insurance segment
  • Detailed competitive landscape of the life insurance segment in the Philippines
  • Detailed regulatory framework of the Philippine insurance industry
  • A description of the life reinsurance segment in the Philippines
  • Porter's Five Forces Analysis of the life insurance segment
  • Benchmarking section on the Philippine life insurance segment in comparison to other countries in the Southeast Asian region
SUMMARY

The Philippines has one of the fastest-growing and most promising life insurance segments in Southeast Asia. During the review period (2008–2012), the segment recorded a compound annual growth rate (CAGR) of 16.3% and valued PHP130.6 billion (US$3.1 billion) in 2012. The segment was dominated by individual life and term life insurance products, which collectively accounted for 82% of the segment’s written premiums in 2012. Significant growth in unit-linked products was also recorded due to changing consumer preferences. The life segment is expected to expand further over the forecast period, driven by the country’s growing economy, the increasing penetration of life insurance products and upcoming regulatory reforms. The rising popularity of unit-linked products in particular is expected to drive forecast-period growth in the segment.

SCOPE

This report provides a comprehensive analysis of the life insurance segment in the Philippines:
  • It provides historical values for the Philippine life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in the Philippine life insurance segment, along with market forecasts until 2017
  • 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 life insurance products in the Philippines
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in the Philippines for the life insurance business
  • It provides a detailed analysis of the reinsurance segment in the Philippines and its growth prospects
  • It profiles the top life insurance companies in the Philippines and outlines the key regulations affecting them
REASONS TO BUY
  • Make strategic business decisions decisions using in depth historic and forecast market data related to the Philippine life insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Philippine life insurance segment
  • Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Philippine insurance industry and its impact on companies and the market's future
KEY HIGHLIGHTS
  • The Philippines has one of the fastest-growing and most promising life insurance segments in Southeast Asia
  • The penetration of life insurance is low in the Philippines, at 1.24% of GDP in 2012. This provides ample growth opportunities for life insurers in the country
  • During the review period (2008–2012), the segment recorded a compound annual growth rate (CAGR) of 16.3% and valued PHP130.6 billion (US$3.1 billion) in 2012
  • Agencies formed the largest distribution channel in the Philippines during the review period, and accounted for 70.6% of life insurance written premiums generated in 2012
  • The insurance industry of the Philippines is supervised and regulated by the Insurance Commissioner of the Philippines, according to the rules and regulations of the Insurance Code (enacted in 1974)
  • The life segment is highly concentrated, with the 10 leading companies collectively accounting for 88.4% of the segment’s written premiums in 2012
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 REGIONAL MARKET DYNAMICS

3.1 Overview
3.2 Market Trends
3.3 Market Size

4 LIFE INSURANCE - REGIONAL BENCHMARKING

4.1 Scale and Penetration
  4.1.1 Total segment gross written premium
  4.1.2 Premium per capita
  4.1.3 Life insurance penetration as a percentage of GDP
4.2 Growth
  4.2.1 Gross written premium
  4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
  4.3.1 Loss ratio
  4.3.2 Combined ratio
  4.3.3 Incurred losses per capita
  4.3.4 Incurred losses as a percentage of GDP

5 PHILIPPINE INSURANCE INDUSTRY ATTRACTIVENESS

5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers

6 LIFE INSURANCE OUTLOOK

6.1 Life Insurance Growth Prospects by Category
  6.1.1 Individual life insurance
  6.1.2 Individual pension insurance
  6.1.3 Individual endowment insurance
  6.1.4 Individual marriage and birth insurance
  6.1.5 Individual unit-linked insurance
  6.1.6 Individual term life insurance
  6.1.7 Group life insurance
6.2 Life Insurance Growth Prospects by Product Type
  6.2.1 Individual single-premium policies
  6.2.2 Individual non-single-premium policies
  6.2.3 Group single-premium policies
  6.2.4 Group non-single-premium policies

7 ANALYSIS BY DISTRIBUTION CHANNEL

7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels

8 PORTER'S FIVE FORCES ANALYSIS - PHILIPPINE LIFE INSURANCE

8.1 Bargaining Power of Supplier: Medium
8.2 Bargaining Power of Buyer: Medium to High
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low

9 REINSURANCE GROWTH DYNAMICS AND CHALLENGES

9.1 Reinsurance segment size, 2008-2017
9.2 Reinsurance segment size by type of insurance, 2008-2017

10 GOVERNANCE, RISK AND COMPLIANCE

10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
  10.2.1 Life insurance regulatory trends
  10.2.2 Property insurance regulatory trends
  10.2.3 Motor insurance regulatory trends
  10.2.4 Marine, aviation and transit insurance regulatory trends
  10.2.5 Health insurance regulatory trends
10.3 Compulsory Insurance
  10.3.1 Worker's compensation insurance
  10.3.2 Motor third party liability insurance
  10.3.3 Compulsory health insurance
10.4 Supervision and Control
  10.4.1 International Association of Insurance Supervisors
  10.4.2 The Insurance Commissioner
10.5 Non-Admitted Insurance Regulatory Trends
  10.5.1 Overview
  10.5.2 Intermediaries
  10.5.3 Market Practices
  10.5.4 Fines and Penalties
10.6 Company Registration and Operations
  10.6.1 Types of Insurance Organisation
  10.6.2 Establishing a local company
  10.6.3 Foreign Ownership
  10.6.4 Types of License
  10.6.5 Capital Requirements
  10.6.6 Solvency Margins
  10.6.7 Reserve Requirements
  10.6.8 Investment Regulations
  10.6.9 Statutory Return Requirements
  10.6.10 Policy Terms and Conditions
10.7 Taxation
  10.7.1 Insurance Premium or Policy Taxation
  10.7.2 Corporate Tax
  10.7.3 VAT
  10.7.4 Captives
10.8 Legal System
  10.8.1 Introduction
  10.8.2 Access to Court
  10.8.3 Alternative Dispute Resolution (ADR)

11 COMPETITIVE LANDSCAPE AND STRATEGIC INSIGHTS

11.1 Overview
11.2 Leading Companies in the Philippine Life Insurance Segment
11.3 Comparison of the Top Five Insurers
  11.3.1 Gross written premium
11.4 Sun Life Financial Philippines - Company Overview
  11.4.1 Sun Life Financial Philippines - key facts
  11.4.2 Sun Life Financial Philippines - key financials
11.5 The Philippine American Life and General Insurance Company - Company Overview
  11.5.1 The Philippine American Life and General Insurance Company - key facts
  11.5.2 The Philippine American Life and General Insurance Company - key financials
11.6 Philippine Axa Life Insurance Corporation - Company Overview
  11.6.1 Philippine Axa Life Insurance Corporation - key facts
  11.6.2 Philippine Axa Life Insurance Corporation - key financials
11.7 Pru Life UK - Company Overview
  11.7.1 Pru Life UK - key facts
  11.7.2 Pru Life UK - key financials
11.8 Insular Life Philippines - Company Overview
  11.8.1 Insular Life Philippines - key facts
  11.8.2 Insular Life Philippines - key financials
11.9 BPI-Philam Life Assurance Corporation - Company Overview
  11.9.1 BPI-Philam Life Assurance Corporation - key facts
  11.9.2 BPI-Philam Life Assurance Corporation - key financials
11.1 Manulife Philippines - Company Overview
  11.10.1 Manulife Philippines - key facts
  11.10.2 Manulife Philippines - key financials
11.11 Sun Life Grepa Financial - Company Overview
  11.11.1 Sun Life Grepa Financial - key facts
  11.11.2 Sun Life Grepa Financial - key financials
11.12 Manulife China Bank Life Assurance Corporation (MCBL) - Company Overview
  11.12.1 Manulife China Bank Life Assurance Corporation - key facts
  11.12.2 Manulife China Bank Life Assurance Corporation - key financials
11.13 PNB Life Insurance, Inc. - Company Overview
  11.13.1 PNB Life Insurance, Inc. - key facts
  11.13.2 PNB Life Insurance, Inc. - key financials

12 BUSINESS ENVIRONMENT AND COUNTRY RISK

12.1 Business Confidence
  12.1.1 Market capitalization trend - Philippine Stock Exchange, Philippines
12.2 Economic Performance
  12.2.1 GDP at constant prices (US$)
  12.2.2 GDP per capita at constant prices (US$)
  12.2.3 GDP at current prices (US$)
  12.2.4 GDP per capita at current prices (US$)
  12.2.5 GDP by key segments
  12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
  12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
  12.2.8 Manufacturing net output at current prices (US$)
  12.2.9 Manufacturing net output at current prices as a percentage of GDP
  12.2.10 Mining, manufacturing and utilities at current prices (US$)
  12.2.11 Mining, manufacturing and utilities at current prices as percentage of GDP
  12.2.12 Construction net output at current prices (US$)
  12.2.13 Construction net output at current prices as a percentage of GDP
  12.2.14 Inflation rate
  12.2.15 Exports as a percentage of GDP
  12.2.16 Imports as a percentage of GDP
  12.2.17 Exports growth
  12.2.18 Imports growth
  12.2.19 Annual average exchange rate INR-US$
12.3 Infrastructure Quality and Availability
  12.3.1 Commercial vehicles exports total value
  12.3.2 Commercial vehicles imports total value
  12.3.3 Automotive exports total value
  12.3.4 Automotive imports total value
  12.3.5 Total internet subscribers
12.4 Labor Force
  12.4.1 Unemployment rate
12.5 Demographics
  12.5.1 Household consumption expenditure (US$)
  12.5.2 Total population
  12.5.3 Urban and rural populations
  12.5.4 Age distribution of the total population

13 APPENDIX

13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2: Southeast Asia - Life Expectancy, 2000 and 2012
Table 3: Philippine Insurance - Overall Written Premium by Segment (PHP Billion), 2008-2012
Table 4: Philippine Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 5: Philippine Insurance - Overall Written Premium by Segment (PHP Billion), 2012-2017
Table 6: Philippine Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 7: Philippine Insurance - Segmentation (Percentage Share), 2008-2017
Table 8: Philippine Life Insurance - Written Premium by Category (PHP Billion), 2008-2012
Table 9: Philippine Life Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 10: Philippine Life Insurance - Written Premium by Category (PHP Billion), 2012-2017
Table 11: Philippine Life Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 12: Philippine Life Insurance - Earned Premium (PHP Billion), 2008-2012
Table 13: Philippine Life Insurance - Earned Premium (PHP Billion), 2012-2017
Table 14: Philippine Life Insurance - Sum Assured (PHP Billion), 2008-2012
Table 15: Philippine Life Insurance - Sum Assured (PHP Billion), 2012-2017
Table 16: Philippine Life Insurance - Paid Claims (PHP Billion), 2008-2012
Table 17: Philippine Life Insurance - Paid Claims (PHP Billion), 2012-2017
Table 18: Philippine Life Insurance - Incurred Loss (PHP Billion), 2008-2012
Table 19: Philippine Life Insurance - Incurred Loss (PHP Billion), 2012-2017
Table 20: Philippine Life Insurance - Loss Ratio (%), 2008-2012
Table 21: Philippine Life Insurance - Loss Ratio (%), 2012-2017
Table 22: Philippine Life Insurance - Commissions and Expenses (PHP Billion), 2008-2012
Table 23: Philippine Life Insurance - Commissions and Expenses (PHP Billion), 2012-2017
Table 24: Philippine Life Insurance - Combined Ratio (%), 2008-2012
Table 25: Philippine Life Insurance - Combined Ratio (%), 2012-2017
Table 26: Philippine Life Insurance - Frauds and Crimes (PHP Billion), 2008-2012
Table 27: Philippine Life Insurance - Frauds and Crimes (PHP Billion), 2012-2017
Table 28: Philippine Life Insurance - Total Assets (PHP Billion), 2008-2012
Table 29: Philippine Life Insurance - Total Assets (PHP Billion), 2012-2017
Table 30: Philippine Life Insurance - Total Investment Income (PHP Billion), 2008-2012
Table 31: Philippine Life Insurance - Total Investment Income (PHP Billion), 2012-2017
Table 32: Philippine Life Insurance - Retentions (PHP Billion), 2008-2012
Table 33: Philippine Life Insurance - Retentions (PHP Billion), 2012-2017
Table 34: Philippine Individual Life Insurance - Number of Active Policies (Thousand), 2008-2012
Table 35: Philippine Individual Life Insurance - Number of Active Policies (Thousand), 2012-2017
Table 36: Philippine Individual Life Insurance - Written Premium (PHP Billion), 2008-2012
Table 37: Philippine Individual Life Insurance - Written Premium (PHP Billion), 2012-2017
Table 38: Philippine Individual Pension Insurance - Number of Active Policies (Thousand), 2008-2012
Table 39: Philippine Individual Pension Insurance - Number of Active Policies (Thousand), 2012-2017
Table 40: Philippine Individual Pension Insurance - Written Premium (PHP Billion), 2008-2012
Table 41: Philippine Individual Pension Insurance - Written Premium (PHP Billion), 2012-2017
Table 42: Philippine Individual Endowment Insurance - Number of Active Policies (Thousand), 2008-2012
Table 43: Philippine Individual Endowment Insurance - Number of Active Policies (Thousand), 2012-2017
Table 44: Philippine Individual Endowment Insurance - Written Premium (PHP Billion), 2008-2012
Table 45: Philippine Individual Endowment Insurance - Written Premium (PHP Billion), 2012-2017
Table 46: Philippine Individual Marriage and Birth Insurance - Number of Active Policies (Thousand), 2008-2012
Table 47: Philippine Individual Marriage and Birth Insurance - Number of Active Policies (Thousand), 2012-2017
Table 48: Philippine Individual Marriage and Birth Insurance - Written Premium (PHP Billion), 2008-2012
Table 49: Philippine Individual Marriage and Birth Insurance - Written Premium (PHP Billion), 2012-2017
Table 50: Philippine Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2008-2012
Table 51: Philippine Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2012-2017
Table 52: Philippine Individual Unit-Linked Insurance - Written Premium (PHP Billion), 2008-2012
Table 53: Philippine Individual Unit-Linked Insurance - Written Premium (PHP Billion), 2012-2017
Table 54: Philippine Individual Term Life Insurance - Number of Active Policies (Thousand), 2008-2012
Table 55: Philippine Individual Term Life Insurance - Number of Active Policies (Thousand), 2012-2017
Table 56: Philippine Individual Term Life Insurance - Written Premium (PHP Billion), 2008-2012
Table 57: Philippine Individual Term Life Insurance - Written Premium (PHP Billion), 2012-2017
Table 58: Philippine Group Life Insurance - Number of Active Policies (Thousand), 2008-2012
Table 59: Philippine Group Life Insurance - Number of Active Policies (Thousand), 2012-2017
Table 60: Philippine Group Life Insurance - Written Premium (PHP Billion), 2008-2012
Table 61: Philippine Group Life Insurance - Written Premium (PHP Billion), 2012-2017
Table 62: Philippine Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 63: Philippine Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 64: Philippine Individual Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Table 65: Philippine Individual Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Table 66: Philippine Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 67: Philippine Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 68: Philippine Individual Non-Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Table 69: Philippine Individual Non-Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Table 70: Philippine Group Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 71: Philippine Group Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 72: Philippine Group Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Table 73: Philippine Group Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Table 74: Philippine Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Table 75: Philippine Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Table 76: Philippine Group Non-Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Table 77: Philippine Group Non-Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Table 78: Philippine Life Insurance - Direct Marketing Commission Paid (PHP Billion), 2008-2012
Table 79: Philippine Life Insurance - Direct Marketing Commission Paid (PHP Billion), 2012-2017
Table 80: Philippine Life Insurance - New Business Written Premium Through Direct Marketing (PHP Billion), 2008-2012
Table 81: Philippine Life Insurance - New Business Written Premium Through Direct Marketing (PHP Billion), 2012-2017
Table 82: Philippine Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 83: Philippine Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 84: Philippine Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 85: Philippine Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 86: Philippine Life Insurance - Bancassurance Commission Paid (PHP Billion), 2008-2012
Table 87: Philippine Life Insurance - Bancassurance Commission Paid (PHP Billion), 2012-2017
Table 88: Philippine Life Insurance - New Business Written Premium Through Bancassurance (PHP Billion), 2008-2012
Table 89: Philippine Life Insurance - New Business Written Premium Through Bancassurance (PHP Billion), 2012-2017
Table 90: Philippine Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 91: Philippine Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 92: Philippine Life Insurance - Number of Bancassurance Distributors, 2008-2012
Table 93: Philippine Life Insurance - Number of Bancassurance Distributors, 2012-2017
Table 94: Philippine Life Insurance - Commission Paid to Agencies (PHP Billion), 2008-2012
Table 95: Philippine Life Insurance - Commission Paid to Agencies (PHP Billion), 2012-2017
Table 96: Philippine Life Insurance - New Business Written Premium Through Agencies (PHP Billion), 2008-2012
Table 97: Philippine Life Insurance - New Business Written Premium Through Agencies (PHP Billion), 2012-2017
Table 98: Philippine Life Insurance - New Policies Sold Through Agencies (Thousand), 2008-2012
Table 99: Philippine Life Insurance - New Policies Sold Through Agencies (Thousand), 2012-2017
Table 100: Philippine Life Insurance - Number of Agencies, 2008-2012
...

LIST OF FIGURES

Figure 1: Southeast Asia - Economies and Populations, 2011
Figure 2: Southeast Asia - Growth Trends in the Insurance Industry
Figure 3: Southeast Asian Region - Total Insurance Industry by Insurance Segment (US$ Billion), 2011
Figure 4: Southeast Asian Comparison - Life Insurance Segment Gross Written Premium (US$ Billion), 2011
Figure 5: Southeast Asian Comparison - Life Insurance Premium per Capita (US$), 2011
Figure 6: Southeast Asian Comparison - Life Insurance Penetration (% of GDP), 2011 and 2016
Figure 7: Southeast Asian Comparison - Life Insurance Gross Written Premium Growth (%), 2007-2016
Figure 8: Southeast Asian Comparison - Life Insurance Gross Written Premium per Capita Growth (%), 2007-2016
Figure 9: Southeast Asian Comparison - Life Insurance Loss Ratio (%), 2011 and 2016
Figure 10: Southeast Asian Comparison - Life Insurance Combined Ratio (%), 2011 and 2016
Figure 11: Southeast Asian Comparison - Life Insurance Incurred Losses per Capita (US$), 2011 and 2016
Figure 12: Southeast Asian Comparison - Life Insurance Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: Philippine Insurance - Overall Written Premium by Segment (PHP Billion), 2008-2017
Figure 14: Philippine Insurance - Dynamics by Segment (%), 2008-2017
Figure 15: Philippine Life Insurance - Written Premium by Category (PHP Billion), 2008-2017
Figure 16: Philippine Life Insurance - Written Premium by Category (% Share), 2012 and 2017
Figure 17: Philippine Life Insurance - Dynamics by Category (%), 2008-2017
Figure 18: Philippine Life Insurance - Earned Premium (PHP Billion), 2008-2012
Figure 19: Philippine Life Insurance - Earned Premium (PHP Billion), 2012-2017
Figure 20: Philippine Life Insurance - Sum Assured (PHP Billion), 2008-2012
Figure 21: Philippine Life Insurance - Sum Assured (PHP Billion), 2012-2017
Figure 22: Philippine Life Insurance - Paid Claims (PHP Billion), 2008-2012
Figure 23: Philippine Life Insurance - Paid Claims (PHP Billion), 2012-2017
Figure 24: Philippine Life Insurance - Incurred Loss (PHP Billion), 2008-2012
Figure 25: Philippine Life Insurance - Incurred Loss (PHP Billion), 2012-2017
Figure 26: Philippine Life Insurance - Loss Ratio (%), 2008-2012
Figure 27: Philippine Life Insurance - Loss Ratio (%), 2012-2017
Figure 28: Philippine Life Insurance - Commissions and Expenses (PHP Billion), 2008-2012
Figure 29: Philippine Life Insurance - Commissions and Expenses (PHP Billion), 2012-2017
Figure 30: Philippine Life Insurance - Combined Ratio (%), 2008-2012
Figure 31: Philippine Life Insurance - Combined Ratio (%), 2012-2017
Figure 32: Philippine Life Insurance - Frauds and Crimes (PHP Billion), 2008-2012
Figure 33: Philippine Life Insurance - Frauds and Crimes (PHP Billion), 2012-2017
Figure 34: Philippine Life Insurance - Total Assets (PHP Billion), 2008-2012
Figure 35: Philippine Life Insurance - Total Assets (PHP Billion), 2012-2017
Figure 36: Philippine Life Insurance - Total Investment Income (PHP Billion), 2008-2012
Figure 37: Philippine Life Insurance - Total Investment Income (PHP Billion), 2012-2017
Figure 38: Philippine Life Insurance - Retentions (PHP Billion), 2008-2012
Figure 39: Philippine Life Insurance - Retentions (PHP Billion), 2012-2017
Figure 40: Philippine Life Insurance - Investment Portfolio (PHP Billion), 2008-2012
Figure 41: Philippine Life Insurance - Investment Portfolio, 2008 and 2012
Figure 42: Philippine Life Insurance - Penetration (%), 2008-2012
Figure 43: Philippine Life Insurance - Density (Number of Policies per Capita), 2008-2012
Figure 44: Philippine Life Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 45: Philippine Life Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 46: Philippine Life Insurance - Premium Per capita (PHP), 2008-2012
Figure 47: Philippine Individual Life Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 48: Philippine Individual Life Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 49: Philippine Individual Life Insurance - Written Premium (PHP Billion), 2008-2012
Figure 50: Philippine Individual Life Insurance - Written Premium (PHP Billion), 2012-2017
Figure 51: Philippine Individual Pension Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 52: Philippine Individual Pension Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 53: Philippine Individual Pension Insurance - Written Premium (PHP Billion), 2008-2012
Figure 54: Philippine Individual Pension Insurance - Written Premium (PHP Billion), 2012-2017
Figure 55: Philippine Individual Endowment Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 56: Philippine Individual Endowment Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 57: Philippine Individual Endowment Insurance - Written Premium (PHP Billion), 2008-2012
Figure 58: Philippine Individual Endowment Insurance - Written Premium (PHP Billion), 2012-2017
Figure 59: Philippine Individual Marriage and Birth Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 60: Philippine Individual Marriage and Birth Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 61: Philippine Individual Marriage and Birth Insurance - Written Premium (PHP Billion), 2008-2012
Figure 62: Philippine Individual Marriage and Birth Insurance - Written Premium (PHP Billion), 2012-2017
Figure 63: Philippine Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 64: Philippine Individual Unit-Linked Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 65: Philippine Individual Unit-Linked Insurance - Written Premium (PHP Billion), 2008-2012
Figure 66: Philippine Individual Unit-Linked Insurance - Written Premium (PHP Billion), 2012-2017
Figure 67: Philippine Individual Term Life Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 68: Philippine Individual Term Life Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 69: Philippine Individual Term Life Insurance - Written Premium (PHP Billion), 2008-2012
Figure 70: Philippine Individual Term Life Insurance - Written Premium (PHP Billion), 2012-2017
Figure 71: Philippine Group Life Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 72: Philippine Group Life Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 73: Philippine Group Life Insurance - Written Premium (PHP Billion), 2008-2012
Figure 74: Philippine Group Life Insurance - Written Premium (PHP Billion), 2012-2017
Figure 75: Philippine Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 76: Philippine Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 77: Philippine Individual Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Figure 78: Philippine Individual Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Figure 79: Philippine Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 80: Philippine Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 81: Philippine Individual Non-Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Figure 82: Philippine Individual Non-Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Figure 83: Philippine Group Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 84: Philippine Group Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 85: Philippine Group Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Figure 86: Philippine Group Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Figure 87: Philippine Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008-2012
Figure 88: Philippine Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012-2017
Figure 89: Philippine Group Non-Single-Premium Insurance - Written Premium (PHP Billion), 2008-2012
Figure 90: Philippine Group Non-Single-Premium Insurance - Written Premium (PHP Billion), 2012-2017
Figure 91: Philippine Life Insurance - New Business Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 92: Philippine Life Insurance - Direct Marketing Commission Paid (PHP Billion), 2008-2012
Figure 93: Philippine Life Insurance - Direct Marketing Commission Paid (PHP Billion), 2012-2017
Figure 94: Philippine Life Insurance - New Business Written Premium Through Direct Marketing (PHP Billion), 2008-2012
Figure 95: Philippine Life Insurance - New Business Written Premium Through Direct Marketing (PHP Billion), 2012-2017
Figure 96: Philippine Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2008-2012
Figure 97: Philippine Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2012-2017
Figure 98: Philippine Life Insurance - Number of Direct Marketing Distributors, 2008-2012
Figure 99: Philippine Life Insurance - Number of Direct Marketing Distributors, 2012-2017
Figure 100: Philippine Life Insurance - Bancassurance Commission Paid (PHP Billion), 2008-2012
...

COMPANIES MENTIONED

Sunlife of Canada (Philippines), Inc.
Pru Life Insurance Corp. of UK
Philippine American Life & General Ins. Co. (Philam)
Philippine Axa Life Insurance Corp
BPI-Philam Life Assurance Corp., Inc.
Insular Life Assce Co., Ltd
The Manufacturers Life Insurance Co. (Phils), Inc.
Sun Life Grepa Financial, Inc.
Manulife China Bank Life Assurance Corp.
PNB Life Insurance, Inc.

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