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

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

  • Published: November 2013
  • Region: Philippines
  • 249 pages
  • Timetric

FEATURED COMPANIES

  • PNB Life Insurance, Inc.
  • MORE

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 READ MORE >

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
Table 101: Philippine Life Insurance - Number of Agencies, 2012-2017
Table 102: Philippine Life Insurance - E-Commerce Commission Paid (PHP Billion), 2008-2012
Table 103: Philippine Life Insurance - E-Commerce Commission Paid (PHP Billion), 2012-2017
Table 104: Philippine Life Insurance - New Business Written Premium Through E-Commerce (PHP Billion), 2008-2012
Table 105: Philippine Life Insurance - New Business Written Premium Through E-Commerce (PHP Billion), 2012-2017
Table 106: Philippine Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 107: Philippine Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 108: Philippine Life Insurance - Number of E-Commerce Distributors, 2008-2012
Table 109: Philippine Life Insurance - Number of E-Commerce Distributors, 2012-2017
Table 110: Philippine Life Insurance - Commission Paid to Brokers (PHP Billion), 2008-2012
Table 111: Philippine Life Insurance - Commission Paid to Brokers (PHP Billion), 2012-2017
Table 112: Philippine Life Insurance - New Business Written Premium Through Brokers (PHP Billion), 2008-2012
Table 113: Philippine Life Insurance - New Business Written Premium Through Brokers (PHP Billion), 2012-2017
Table 114: Philippine Life Insurance - New Policies Sold Through Brokers (Thousand), 2008-2012
Table 115: Philippine Life Insurance - New Policies Sold Through Brokers (Thousand), 2012-2017
Table 116: Philippine Life Insurance - Number of Brokers, 2008-2012
Table 117: Philippine Life Insurance - Number of Brokers, 2012-2017
Table 118: Philippine Life Insurance - Commission Paid to Other Channels (PHP Billion), 2008-2012
Table 119: Philippine Life Insurance - Commission Paid to Other Channels (PHP Billion), 2012-2017
Table 120: Philippine Life Insurance - New Business Written Premium Through Other Channels (PHP Billion), 2008-2012
Table 121: Philippine Life Insurance - New Business Written Premium Through Other Channels (PHP Billion), 2012-2017
Table 122: Philippine Life Insurance - New Policies Sold Through Other Channels (Thousand), 2008-2012
Table 123: Philippine Life Insurance - New Policies Sold Through Other Channels (Thousand), 2012-2017
Table 124: Philippine Life Insurance - Number of Distributors in Other Channels, 2008-2012
Table 125: Philippine Life Insurance - Number of Distributors in Other Channels, 2012-2017
Table 126: Reinsurance in the Philippines by Category (PHP Billion), 2008-2012
Table 127: Reinsurance in the Philippines by Category (US$ Billion), 2008-2012
Table 128: Reinsurance in the Philippines by Category (PHP Billion), 2012-2017
Table 129: Reinsurance in the Philippines by Category (US$ Billion), 2012-2017
Table 130: Philippine Premium Ceded to Reinsurance by Type of Insurance (PHP Billion), 2008-2012
Table 131: Philippine Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 132: Philippine Premium Ceded to Reinsurance by Type of Insurance (PHP Billion), 2012-2017
Table 133: Philippine Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 134: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 135: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 136: Philippines: Corporate Tax Rates
Table 137: Philippine Life Insurance - Market Shares (%), 2012
Table 138: Sun Life Financial Philippines, Key Facts
Table 139: Sun Life Financial Philippines, Key Financials (PHP Million), 2007-2012
Table 140: The Philippine American Life and General Insurance Company, Key Facts
Table 141: The Philippine American Life and General Insurance Company, Key Financials (PHP Million), 2007-2012
Table 142: Philippine Axa Life Insurance Corporation, Key Facts
Table 143: Philippine Axa Life Insurance Corporation (PHP Million), 2007-2012
Table 144: Pru Life UK, Key Facts
Table 145: Pru Life UK (PHP Million), 2007-2012
Table 146: Insular Life Philippines, Key Facts
Table 147: Insular Life Philippines (PHP Million), 2007-2012
Table 148: BPI-Philam Life Assurance Corporation, Key Facts
Table 149: BPI-Philam Life Assurance Corporation (PHP Million), 2007-2012
Table 150: Manulife Philippines, Key Facts
Table 151: Manulife Philippines (PHP Million), 2007-2012
Table 152: Sun Life Grepa Financial, Key Facts
Table 153: Sun Life Grepa Financial (PHP Million), 2007-2012
Table 154: Manulife China Bank Life Assurance Corporation, Key Facts
Table 155: Manulife China Bank Life Assurance Corporation (PHP Million), 2007-2012
Table 156: PNB Life Insurance, Inc., Key Facts
Table 157: PNB Life Insurance, Inc. (PHP Million), 2007-2012

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
Figure 101: Philippine Life Insurance - Bancassurance Commission Paid (PHP Billion), 2012-2017
Figure 102: Philippine Life Insurance - New Business Written Premium Through Bancassurance (PHP Billion), 2008-2012
Figure 103: Philippine Life Insurance - New Business Written Premium Through Bancassurance (PHP Billion), 2012-2017
Figure 104: Philippine Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2008-2012
Figure 105: Philippine Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2012-2017
Figure 106: Philippine Life Insurance - Number of Bancassurance Distributors, 2008-2012
Figure 107: Philippine Life Insurance - Number of Bancassurance Distributors, 2012-2017
Figure 108: Philippine Life Insurance - Commission Paid to Agencies (PHP Billion), 2008-2012
Figure 109: Philippine Life Insurance - Commission Paid to Agencies (PHP Billion), 2012-2017
Figure 110: Philippine Life Insurance - New Business Written Premium Through Agencies (PHP Billion), 2008-2012
Figure 111: Philippine Life Insurance - New Business Written Premium Through Agencies (PHP Billion), 2012-2017
Figure 112: Philippine Life Insurance - New Policies Sold Through Agencies (Thousand), 2008-2012
Figure 113: Philippine Life Insurance - New Policies Sold Through Agencies (Thousand), 2012-2017
Figure 114: Philippine Life Insurance - Number of Agencies, 2008-2012
Figure 115: Philippine Life Insurance - Number of Agencies, 2012-2017
Figure 116: Philippine Life Insurance - E-Commerce Commission Paid (PHP Billion), 2008-2012
Figure 117: Philippine Life Insurance - E-Commerce Commission Paid (PHP Billion), 2012-2017
Figure 118: Philippine Life Insurance - New Business Written Premium Through E-Commerce (PHP Billion), 2008-2012
Figure 119: Philippine Life Insurance - New Business Written Premium Through E-Commerce (PHP Billion), 2012-2017
Figure 120: Philippine Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2008-2012
Figure 121: Philippine Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2012-2017
Figure 122: Philippine Life Insurance - Number of E-Commerce Distributors, 2008-2012
Figure 123: Philippine Life Insurance - Number of E-Commerce Distributors, 2012-2017
Figure 124: Philippine Life Insurance - Commission Paid to Brokers (PHP Billion), 2008-2012
Figure 125: Philippine Life Insurance - Commission Paid to Brokers (PHP Billion), 2012-2017
Figure 126: Philippine Life Insurance - New Business Written Premium Through Brokers (PHP Billion), 2008-2012
Figure 127: Philippine Life Insurance - New Business Written Premium Through Brokers (PHP Billion), 2012-2017
Figure 128: Philippine Life Insu

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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