News Life and Health05 Feb 2018

Philippines:Premiums rose by 12% in 2017 to US$5 bln

05 Feb 2018

Total premiums in the Philippine insurance industry reached PHP259.6 billion (US$5 billion) in 2017, representing growth of 11.9%, from PHP231.8 billion in 2016, according to the Insurance Commission citing unaudited quarterly statistics submitted by life, nonlife and mutual benefit associations (MBAs).

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