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Trends and Opportunities in the Philippines Personal Accident and Health Insurance Industry to 2016: Market Profile

Published By :

Timetric

Published Date : May 2012

Category :

Health Insurance

No. of Pages : 92 Pages


Synopsis

The report provides top-level market analysis, information and insights into the Philippine personal accident and health insurance market, including:

  • A description of the personal accident and health insurance market in Philippines
  • The Philippine personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the Philippine personal accident and health insurance market
Summary

Personal accident insurance is the most popular category in the personal accident and health insurance segment due to the high frequency of typhoons in Philippines. In 2011, the personal accident and health insurance segment accounted for the third-largest share of the total written premiums of the Philippine insurance industry, with the increasing cost of healthcare in the Philippines increasing the demand for private medical insurance during the review period. Furthermore, travelers visiting the Philippines have to obtain travel insurance, without which the cost of receiving medical care would be very high. The health insurance category accounted for the second-largest share of total personal accident and health insurance premiums in 2011, with a XX% share. Overall, the value of the Philippine personal accident and health insurance segment increased from PHPXX billion (US$XX million) in 2007 to PHPXX billion (US$XX billion) in 2011, recording a CAGR of XX% during the review period. This growth was fuelled by increasing medical expenditure and the rising disposable incomes of much of the Philippine population. 

Scope

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

  • It provides historical values for Philippines personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20112016 forecast period 
  • It offers a detailed analysis of the key sub-segments in Philippiness personal accident and health insurance market, along with market forecasts until 2016
  • It analyses the various distribution channels for personal accident and health insurance products in Philippines 
Reasons To Buy

  • Make strategic business decisions using top-level historic and forecast market data related to the Philippine personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Philippine personal accident and health insurance market
  • Identify the growth opportunities and market dynamics within key product categories
Key Highlights

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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 Table


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 Chart


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

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