Read the latest edition of AIR and MEIR as an Interactive e-book

Feb 2024

Market Profile


Less volatility expected in Philippine reinsurance market

The reinsurance sector in the Philippines continues to face significant vulnerability to the impacts of natural catastrophes, including those linked to climate change.

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Financial literacy and digitalisation should improve insurance density and penetration

The Philippines insurance market saw good growth due to higher premiums, but still struggles with closing the protection gap.

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New indemnity programme to cover public assets

Traditionally, public assets in countries have remained out of the ambit of insurance. With increasing regularity and intensity of natural catastrophes, nations are now working out insurance programmes for public assets.

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Philippines life shows resilient growth

Despite two financial crises, the COVID-19 pandemic and supply chain challenges, growth of the Philippines life insurance market has remained resilient.

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