Table of Contents
1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 Philippines Insurance Industry Attractiveness
2.1 Insurance Industry Size, 2007-2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent market developments
3 Personal Accident and Health Insurance Market Outlook
3.1 Personal Accident and Health Insurance Growth Prospects by Category
3.2 Personal accident category
3.3 Travel insurance category
3.4 Health insurance category
4 Analysis by Distribution Channels
4.1 Direct Marketing Channel
4.2 Bancassurance Channel
4.3 Agencies Channel
4.4 Other Channels
5 Appendix
5.1 Methodology
5.2 Contact Us
5.3 About Timetric
5.4 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Philippine Insurance - Overall Written Premium by Insurance Segment (PHP Billion), 2007-2011
Table 3: Philippine Insurance - Overall Written Premium by Insurance Segment (US$ Billion), 2007-2011
Table 4: Philippine Insurance - Overall Written Premium by Insurance Segment (PHP Billion), 2011-2016
Table 5: Philippine Insurance - Overall Written Premium by Insurance Segment (US$ Billion), 2011-2016
Table 6: Philippine Insurance Segmentation (%), 2007-2016
Table 7: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2007-2011
Table 8: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2007-2011
Table 9: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2011-2016
Table 10: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2011-2016
Table 11: Personal Accident and Health Insurance - Paid Claims by Category (PHP Billion), 2007-2011
Table 12: Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2007-2011
Table 13: Personal Accident and Health Insurance - Paid Claims by Category (PHP Billion), 2011-2016
Table 14: Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2011-2016
Table 15: Personal Accident and Health Insurance - Incurred Loss (PHP Billion), 2007-2011
Table 16: Personal Accident and Health Insurance - Incurred Loss (PHP Billion), 2011-2016
Table 17: Personal Accident and Health Insurance - Loss Ratio (%), 2007-2011
Table 18: Personal Accident and Health Insurance - Loss Ratio (%), 2011-2016
Table 19: Personal Accident and Health Insurance - Frauds and Crimes (PHP Billion), 2007-2011
Table 20: Personal Accident and Health Insurance - Frauds and Crimes (PHP Billion), 2011-2016
Table 21: Personal Accident and Health Insurance - Total Assets (PHP Billion), 2007-2011
Table 22: Personal Accident and Health Insurance - Total Assets (PHP Billion), 2011-2016
Table 23: Personal Accident and Health Insurance - Total Investment Income (PHP Billion), 2007-2011
Table 24: Personal Accident and Health Insurance - Total Investment Income (PHP Billion), 2011-2016
Table 25: Personal Accident and Health Insurance - Retentions (PHP Billion), 2007-2011
Table 26: Personal Accident and Health Insurance - Retentions (PHP Billion), 2011-2016
Table 27: Personal Accident Insurance Category by Volume (Thousand), 2007-2011
Table 28: Personal Accident Insurance Category by Volume (Thousand), 2011-2016
Table 29: Personal Accident Insurance Category by Written Premium (PHP Billion), 2007-2011
Table 30: Personal Accident Insurance Category by Written Premium (PHP Billion), 2011-2016
Table 31: Travel Insurance Category by Volume (Thousand), 2007-2011
Table 32: Travel Insurance Category by Volume (Thousand), 2011-2016
Table 33: Travel Insurance Category by Written Premium (PHP Billion), 2007-2011
Table 34: Travel Insurance Category by Written Premium (PHP Billion), 2011-2016
Table 35: Health Insurance Category by Volume (Thousand), 2007-2011
Table 36: Health Insurance Category by Volume (Thousand), 2011-2016
Table 37: Health Insurance Category by Written Premium (PHP Billion), 2007-2011
Table 38: Health Insurance Category by Written Premium (PHP Billion), 2011-2016
Table 39: Personal Accident and Health Insurance - Direct Marketing Commission Paid (PHP Billion), 2007-2011
Table 40: Personal Accident and Health Insurance - Direct Marketing Commission Paid (PHP Billion), 2011-2016
Table 41: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (PHP Billion), 2007-2011
Table 42: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (PHP Billion), 2011-2016
Table 43: Personal Accident and Health Insurance - Policies Through Direct Marketing (Thousand), 2007-2011
Table 44: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2011-2016
Table 45: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2007-2011
Table 46: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2011-2016
Table 47: Personal Accident and Health Insurance - Bancassurance Commission Paid (PHP Billion), 2007-2011
Table 48: Personal Accident and Health Insurance - Bancassurance Commission Paid (PHP Billion), 2011-2016
Table 49: Personal Accident and Health Insurance - Written Premium Through Bancassurance (PHP Billion), 2007-2011
Table 50: Personal Accident and Health Insurance - Written Premium Through Bancassurance (PHP Billion), 2011-2016
Table 51: Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2007-2011
Table 52: Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2011-2016
Table 53: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2007-2011
Table 54: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2011-2016
Table 55: Personal Accident and Health Insurance - Commission Paid to Agencies (PHP Billion), 2007-2011
Table 56: Personal Accident and Health Insurance - Commission Paid to Agencies (PHP Billion), 2011-2016
Table 57: Personal Accident and Health Insurance - Written Premium Through Agencies (PHP Billion), 2007-2011
Table 58: Personal Accident and Health Insurance - Written Premium Through Agencies (PHP Billion), 2011-2016
Table 59: Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2007-2011
Table 60: Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2011-2016
Table 61: Personal Accident and Health Insurance - Number of Agencies, 2007-2011
Table 62: Personal Accident and Health Insurance - Number of Agencies, 2011-2016
Table 63: Personal Accident and Health Insurance - Commission Paid to Other Channels (PHP Billion), 2007-2011
Table 64: Personal Accident and Health Insurance - Commission Paid to Other Channels (PHP Billion), 2011-2016
Table 65: Personal Accident and Health Insurance - Written Premium Through Other Channels (PHP Billion), 2007-2011
Table 66: Personal Accident and Health Insurance - Written Premium Through Other Channels (PHP Billion), 2011-2016
Table 67: Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2007-2011
Table 68: Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2011-2016
Table 69: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2007-2011
Table 70: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2011-2016
List of Figures
Figure 1: Philippine Insurance - Overall Written Premium by Insurance Segment (PHP Billion), 2007-2016
Figure 2: Philippine Insurance - Market Dynamics by Insurance Segment, 2007-2016
Figure 3: Personal Accident and Health Insurance Written Premium by Category (PHP Billion), 2007-2016
Figure 4: Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Personal Accident and Health Insurance Dynamics by Category, 2007-2016
Figure 6: Personal Accident and Health Insurance - Paid Claims by Category (PHP Billion), 2007-2016
Figure 7: Personal Accident and Health Insurance - Incurred Loss (PHP Billion), 2007-2011
Figure 8: Personal Accident and Health Insurance - Incurred Loss (PHP Billion), 2011-2016
Figure 9: Personal Accident and Health Insurance - Loss Ratio (%), 2007-2011
Figure 10: Personal Accident and Health Insurance - Loss Ratio (%), 2011-2016
Figure 11: Personal Accident and Health Insurance - Frauds and Crimes (PHP Billion), 2007-2011
Figure 12: Personal Accident and Health Insurance - Frauds and Crimes (PHP Billion), 2011-2016
Figure 13: Personal Accident and Health Insurance - Total Assets (PHP Billion), 2007-2011
Figure 14: Personal Accident and Health Insurance - Total Assets (PHP Billion), 2011-2016
Figure 15: Personal Accident and Health Insurance - Total Investment Income (PHP Billion), 2007-2011
Figure 16: Personal Accident and Health Insurance - Total Investment Income (PHP Billion), 2011-2016
Figure 17: Personal Accident and Health Insurance - Retentions (PHP Billion), 2007-2011
Figure 18: Personal Accident and Health Insurance - Retentions (PHP Billion), 2011-2016
Figure 19: Personal Accident and Health Insurance - Investment by Type (PHP Billion), 2007-2011
Figure 20: Personal Accident and Health Insurance - Investment by Type (% Share), 2007 and 2011
Figure 21: Personal Accident and Health Insurance - Density and Penetration (%), 2007-2011
Figure 22: Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2007-2011
Figure 23: Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2011-2016
Figure 24: Personal Accident and Health Insurance - Premium Per Capita (PHP), 2007-2011
Figure 25: Personal Accident Insurance Category by Volume (Thousand), 2007-2011
Figure 26: Personal Accident Insurance Category by Volume (Thousand), 2011-2016
Figure 27: Personal Accident Insurance Category by Written Premium (PHP Billion), 2007-2011
Figure 28: Personal Accident Insurance Category by Written Premium (PHP Billion), 2011-2016
Figure 29: Travel Insurance Category by Volume (Thousand), 2007-2011
Figure 30: Travel Insurance Category by Volume (Thousand), 2011-2016
Figure 31: Travel Insurance Category by Written Premium (PHP Billion), 2007-2011
Figure 32: Travel Insurance Category by Written Premium (PHP Billion), 2011-2016
Figure 33: Health Insurance Category by Volume (Thousand), 2007-2011
Figure 34: Health Insurance Category by Volume (Thousand), 2011-2016
Figure 35: Health Insurance Category by Written Premium (PHP Billion), 2007-2011
Figure 36: Health Insurance Category by Written Premium (PHP Billion), 2011-2016
Figure 37: Personal Accident and Health Insurance New Business Written Premium by Distribution Channel (% Share), 2011 and 2016
Figure 38: Personal Accident and Health Insurance - Direct Marketing Commission Paid (PHP Billion), 2007-2011
Figure 39: Personal Accident and Health Insurance - Direct Marketing Commission Paid (PHP Billion), 2011-2016
Figure 40: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (PHP Billion), 2007-2011
Figure 41: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (PHP Billion), 2011-2016
Figure 42: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2007-2011
Figure 43: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2011-2016
Figure 44: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2007-2011
Figure 45: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2011-2016
Figure 46: Personal Accident and Health Insurance - Bancassurance Commission Paid (PHP Billion), 2007-2011
Figure 47: Personal Accident and Health Insurance - Bancassurance Commission Paid (PHP Billion), 2011-2016
Figure 48: Personal Accident and Health Insurance - Written Premium Through Bancassurance (PHP Billion), 2007-2011
Figure 49: Personal Accident and Health Insurance - Written Premium Through Bancassurance (PHP Billion), 2011-2016
Figure 50: Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2007-2011
Figure 51: Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2011-2016
Figure 52: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2007-2011
Figure 53: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2011-2016
Figure 54: Personal Accident and Health Insurance - Commission Paid to Agencies (PHP Billion), 2007-2011
Figure 55: Personal Accident and Health Insurance - Commission Paid to Agencies (PHP Billion), 2011-2016
Figure 56: Personal Accident and Health Insurance - Written Premium Through Agencies (PHP Billion), 2007-2011
Figure 57: Personal Accident and Health Insurance - Written Premium Through Agencies (PHP Billion), 2011-2016
Figure 58: Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2007-2011
Figure 59: Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2011-2016
Figure 60: Personal Accident and Health Insurance - Number of Agencies, 2007-2011
Figure 61: Personal Accident and Health Insurance - Number of Agencies, 2011-2016
Figure 62: Personal Accident and Health Insurance - Commission Paid to Other Channels (PHP Billion), 2007-2011
Figure 63: Personal Accident and Health Insurance - Commission Paid to Other Channels (PHP Billion), 2011-2016
Figure 64: Personal Accident and Health Insurance - Written Premium Through Other Channels (PHP Billion), 2007-2011
Figure 65: Personal Accident and Health Insurance - Written Premium Through Other Channels (PHP Billion), 2011-2016
Figure 66: Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2007-2011
Figure 67: Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2011-2016
Figure 68: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2007-2011
Figure 69: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2011-2016