Philippines

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Philippine Insurers and Reinsurers Association
Web: www.pirainc.org

 

POPULATION, 2011-2014 (1)

Year Population
2011 101,833,938
2012 103,775,002
2013 105,720,644
2014 107,668,231

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $327.2
2010 324.9
2011 353.2
2012 393.4
2013 454.3

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $1,369
Life premiums 4,420
Total premiums $5,788
Percent of total world premiums 0.12%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

  Gross written premiums
Company PHP Mn USD Mn
Malayan Insurance 6,937.0 156.3
Prudential Guarantee 6,161.4 138.8
BPI/MS 5,229.1 117.8
Pioneer Insurance 5,034.7 113.4
Charter Ping AN 4,002.5 90.2
Federal Phoenix 3,516.5 79.2
Standard Insurance 2,687.5 60.5
UCPB General 2,589.2 58.3
Chartis 2,347.9 52.9
PNB General 2,169.6 48.9

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

 

  Gross written premiums
Company PHP Mn USD Mn
Sun Life of Canada (Philippines) 29,698.7 699.7
Philippine American Life and General Ins 19,967.0 470.4
Philippine AXA Life Insurance Corp 18,268.2 430.4
Pru Life Insurance Corp of UK 18,001.3 424.1
Manufacturers Life Ins Co (Phils) 15,004.3 353.5
BPI Philam Life Assurance Corp 14,282.0 336.5
Sun Life Grepa Financial 11,982.1 282.3
lnsular Life Assce Co 11,153.5 262.8
Manulife Chinabank Life Assce Corp 8,204.7 193.3
PNB Life lnsurance 6,365.9 150.0

Source: Axco Insurance Information Services.

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