Philippines Trends and Opportunities in Reinsurance - 2016

Despite the global economic crisis, the Philippine reinsurance segment recorded stable growth during the review period. This is attributable to the increasing cost of reinsurance protection and susceptibility of the country to frequent natural disasters such as typhoons. The number of reinsurance companies registered in the Philippines fell from two to one during the review period, although some domestic insurers also have limited reinsurance operations. The National Reinsurance Corporation of the Philippines is the only reinsurer based in the Philippines. It was established to provide both life and non-life reinsurance to the Philippines and other neighboring countries.

The report provides top-level market analysis, information and insights into the Philippine reinsurance market, including:

• The Philippine reinsurance market’s growth prospects by reinsurance categories
• The Philippine reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments
• The competitive landscape in the Philippine reinsurance insurance market

Philippines Reinsurance Market

Published: March 2012
No. of Pages: 97
Price: Single User License: US$ 1950    Corporate User License: US$3990 

                 

Reasons To Buy

• Make strategic business decisions using top-level historic and forecast market data related to the Philippine reinsurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Philippine reinsurance market
• Assess the competitive dynamics in the reinsurance market
• Identify the growth opportunities and market dynamics within key product categories

Key Highlights

• Despite the global economic crisis, the Philippine reinsurance segment recorded stable growth during the review period.
• The Philippine reinsurance segment is dominated by the Philippines National Reinsurance Corporation (PhilnaRe), which is the only domestic reinsurance company in the Philippines.
• The Philippine government is also expected to introduce more regulations for the country’s insurance industry over the forecast period, as it tries to match the EU’s strict regulatory environment.
• The significant growths registered by the non-life and personal accident and health insurance segments over the forecast period are expected to generate growth for the reinsurance segment.