Personal Accident and Health Insurance in the Philippines, Key Trends and Opportunities to 2018


#226436

135pages

Timetric

$ 1950

In Stock

Synopsis

The report provides in-depth market analysis, information and insights into the Philippine personal accident and health insurance segment, including:

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

Executive summary

  • Personal accident and health was the second-fastest-growing segment in terms of gross written premiums in the Philippine insurance industry during the review-period. Although the segment was the smallest in the industry, it grew at a review period (2009−2013) compound annual growth rate (CAGR) of 11.8%. High crime rates, the quality of the country’s private healthcare services and an expanding middle-class population supplemented the segment’s growth.
  • The increased capital requirement is anticipated to lead to a period of consolidation in the segment. However, government efforts to spread financial awareness are expected to support the segment over the forecast period, backed by a low penetration rate, rising health costs and regulatory amendments.
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in the Philippines:

  • It provides historical values for the Philippine personal accident and health 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 sub-segments in the Philippine personal accident and health 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 personal accident and health insurance products in the Philippines.
  • It profiles the top personal accident and health insurance companies in the Philippines, and outlines the key regulations affecting them.

Reasons to buy

  • Make strategic business decisions using in depth historic and forecast market data related to the Philippine personal accident and health insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Philippine personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment
  • Identify the growth opportunities and market dynamics in key product categories
  • Gain insights into key regulations governing the Philippine insurance segment and its impact on companies and the market's future

Key highlights

  • Personal accident and health was the second-fastest-growing segment in terms of gross written premiums in the Philippine insurance industry during the review-period
  • Although the segment was the smallest in the industry, it grew at a review period (2009−2013) compound annual growth rate (CAGR) of 11.8%.
  • High crime rates, the quality of the country’s private healthcare services and an expanding middle-class population supplemented the segment’s growth.
  • Government efforts to spread financial awareness are expected to support the segment over the forecast period, backed by a low penetration rate, rising health costs and regulatory amendments.
  • Although the personal accident and health segment is diversified, it is highly mature.