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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the The Philippines non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in The Philippines's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the The Philippines non-life (P&C) market as well as trends by line of business. Axco analysts also report on The Philippines's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes The Philippines's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in The Philippines, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in The Philippines, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Philippines with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The non-life insurance market (including PA and healthcare business written by non-life companies) in the Philippines is dominated by motor and property business, which in 2018 had market shares, respectively of 32.9% and 32.1%.
The Philippines is highly exposed to severe natural catastrophe events and is similar to Indonesia in this respect, although in the Philippines this exposure is accentuated by the comparatively ....
This is a brief extract of information; more updated information may be available in the latest published report.