Insurance in Philippines - Market Summary, Competitive Analysis and Forecast to 2025

November 2021 | 48 pages | ID: I961FE219DFBEN
MarketLine

Abstracts

Insurance in Philippines - Market Summary, Competitive Analysis and Forecast to 2025

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 had total gross written premiums of $6.4bn in 2020, representing a compound annual growth rate (CAGR) of 5.8% between 2016 and 2020.
• The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $4.5bn, equivalent to 70.5% of the market's overall value.
• The COVID-19 pandemic has had a significant impact on many markets around the world, including insurance. Interest rate cuts have constrained insurers’ profits, while demand for certain types of insurance, such as motor and travel, has been dampened by nationwide lockdown restrictions.

SCOPE

• 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

REASONS TO BUY

• What was the size of the Philippines automotive manufacturing market by value in 2020?
• What will be the size of the Philippines automotive manufacturing market in 2025?
• What factors are affecting the strength of competition in the Philippines automotive manufacturing market?
• How has the market performed over the last five years?
• What are the main segments that make up Philippines's automotive manufacturing market?

Contents

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 leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?

8 COMPANY PROFILES

8.1. Sun Life Financial Inc
8.2. AXA SA
8.3. AIA Group Ltd
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

LIST OF TABLES

Table 1: Philippines insurance market value: $ billion, 2016–20
Table 2: Philippines insurance market category segmentation: $ billion, 2020
Table 3: Philippines insurance market geography segmentation: $ billion, 2020
Table 4: Philippines insurance market value forecast: $ billion, 2020–25
Table 5: Philippines insurance market share: % share, by value, 2020
Table 6: Sun Life Financial Inc: key facts
Table 7: Sun Life Financial Inc: Annual Financial Ratios
Table 8: Sun Life Financial Inc: Key Employees
Table 9: Sun Life Financial Inc: Key Employees Continued
Table 10: Sun Life Financial Inc: Key Employees Continued
Table 11: AXA SA: key facts
Table 12: AXA SA: Annual Financial Ratios
Table 13: AXA SA: Key Employees
Table 14: AXA SA: Key Employees Continued
Table 15: AXA SA: Key Employees Continued
Table 16: AIA Group Ltd: key facts
Table 17: AIA Group Ltd: Annual Financial Ratios
Table 18: AIA Group Ltd: Key Employees
Table 19: AIA Group Ltd: Key Employees Continued
Table 20: Pru Life UK: key facts
Table 21: Pru Life UK: Key Employees
Table 22: Philippines size of population (million), 2016–20
Table 23: Philippines gdp (constant 2005 prices, $ billion), 2016–20
Table 24: Philippines gdp (current prices, $ billion), 2016–20
Table 25: Philippines inflation, 2016–20
Table 26: Philippines consumer price index (absolute), 2016–20
Table 27: Philippines exchange rate, 2016–20

List Of Figures

LIST OF FIGURES

Figure 1: Philippines insurance market value: $ billion, 2016–20
Figure 2: Philippines insurance market category segmentation: % share, by value, 2020
Figure 3: Philippines insurance market geography segmentation: % share, by value, 2020
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