Albany, NY -- (SBWIRE) -- 10/23/2014 -- Synopsis

The report provides in-depth market analysis, information and insights into the Philippine non-life insurance segment, including:

The Philippine non-life insurance segment’s growth prospects by non-life insurance category
Key trends and drivers for the non-life insurance segment
The various distribution channels in the Philippine non-life insurance segment
The detailed competitive landscape in the non-life insurance segment in the Philippines
Detailed regulatory policies of the Philippine insurance industry

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http://www.researchmoz.us/non-life-insurance-in-the-philippines-key-trends-and-opportunities-to-2018-report.html

Executive summary

In terms of gross written premium, the Philippine non-life segment grew at a review-period CAGR of 11.3%. This growth was supported by the property and motor insurance categories, which are also the segment’s largest categories in terms of gross written premium. These categories registered double-digit growth during the review period, and contributed to the segment’s overall growth. The Philippine economy flourished due to the booming business processing outsourcing (BPO) and information technology (IT) sectors, which led to the rise of the middle-class population. The country’s high frequency of natural disasters created high awareness of insurance among Filipino consumers.

Non-life insurers, however, face a major challenge to meet the huge damages caused by natural disasters, as well a large tax burden. These, along with increasing capital requirements for insurers, are projected to challenge the growth and consolidate the non-life segment over the forecast period. However, insurers’ efforts to provide innovative products for middle-class and niche savers, along with encouragement to save among Filipino consumers are projected to supplement the segment’s growth over the forecast period.

Scope

This report provides a comprehensive analysis of the non-life insurance segment in the Philippines:

It provides historical values for the Philippine non-life insurance segment for the report’s 2009–2013 review period and forecast figures for the 2013–2018 forecast period.

It offers a detailed analysis of the key categories in the Philippine non-life insurance segment, along with market forecasts until 2018.

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 non-life insurance products in the Philippines.

It profiles the top non-life insurance companies in the Philippines, and outlines the key regulations affecting them.

Table of Contents

1 Key Facts and Events

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Philippine Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018

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