Microinsurance Market in the Philippines 2016-2020

Publisher Name :
Date: 14-Sep-2016
No. of pages: 75
Inquire Before Buying

Micro-insurance products are coverage policies targeted at households with low income levels. Micro-insurance plans provide tailored insurance coverage policies for individuals with little or low saving plans. Such policies provide lower value assets and compensation for injury, illness, or death to an individual than in other insurance policies. Micro-insurance companies assist poor families by offering customized insurance plans to meet the specific needs of the customers. The value of the coverage policy is lower compared to other insurance plans because of which the policyholder pays smaller premiums to the insurance company than in the case of a usual plan. The micro-insurance market is stronger in developing countries which offer high growth opportunities for the insurance industry.

The analysts forecast micro-insurance market in the Philippines to grow at a CAGR of 21.47% during the period 2016-2020.

Covered in this report

This report covers the present scenario and the growth prospects of the micro-insurance market in the Philippines for 2016-2020. To calculate the market size, the report considered the premiums earned from accidental micro-insurance, life micro-insurance, health micro-insurance, agriculture micro-insurance, and property micro-insurance from the Philippines market.

The report, Micro-Insurance Market in the Philippines 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors


  • AIG Philippines

  • Asian Life and General Assurance

  • CARD Pioneer

  • CLIMBS Life


Other prominent vendors


  • AFP General lnsurance

  • PNB MetLife

  • xMicroEnsure


Market driver


  • Encouraging regulatory environment

  • For a full, detailed list, view our report


Market challenge


  • Lack of trained staff to explain insurance products to the poor

  • For a full, detailed list, view our report


Market trend


  • Increase in financial inclusion programs

  • For a full, detailed list, view our report


Key questions answered in this report


  • What will the market size be in 2020 and what will the growth rate be?

  • What are the key market trends?

  • What is driving this market?

  • What are the challenges to market growth?

  • Who are the key vendors in this market space?

  • What are the market opportunities and threats faced by the key vendors?

  • What are the strengths and weaknesses of the key vendors?

Microinsurance Market in the Philippines 2016-2020

Table of Contents

PART 01: Executive summary
Highlights

PART 02: Scope of the report
Market overview
Top-vendor offerings

PART 03: Market research methodology
Research methodology
Economic indicators

PART 04: Introduction
Key market highlights
Definition of micro-insurance
Key players in micro-insurance value chain
Micro-insurance transaction
Role of policy and regulation in shaping business environment of micro-insurance sector
Difference between traditional insurance and micro-insurance

PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis

PART 06: Market drivers
Encouraging regulatory environment
Impact of growing urbanization on markets pertaining to life micro-insurance, health micro-insurance, and various kinds of agricultural insurance
Different valuation strategies

PART 07: Impact of drivers

PART 08: Market challenges
Decapitalization due to high insurance claims
Lack of trained staff to explain insurance products to the poor
Difficulty in credit assessment

PART 09: Impact of drivers and challenges

PART 10: Market trends
Increase in financial inclusion programs
Micro-insurance becoming mandatory
Leveraging social media channels for better market penetration and better customer connectivity

PART 11: Vendor landscape
Competitive landscape
Other prominent vendors

PART 12: Key vendor analysis
AIG Philippines
Asian Life and General Assurance
CARD Pioneer
CLIMBS Life

PART 13: Appendix
List of abbreviations

List of Exhibits

Exhibit 01: Products offered by micro-insurance providers
Exhibit 02: Product offerings
Exhibit 03: Key players in micro-insurance value chain
Exhibit 04: Life cycle of micro-insurance
Exhibit 05: Role of policy and regulation in shaping business environment of micro-insurance sector
Exhibit 06: Difference between traditional insurance and micro-insurance
Exhibit 07: Products offered by micro-insurance providers
Exhibit 08: Concept of life insurance based on two fundamental principles
Exhibit 09: Personal uses of life insurance business
Exhibit 10: Types of life insurance
Exhibit 11: Primary reasons for investing in life insurance
Exhibit 12: Types of property insurance
Exhibit 13: Damages and losses covered under property insurance
Exhibit 14: Global micro-insurance market in Philippines 2015-2020 ($ millions)
Exhibit 15: Premium generated and forecasted from different micro-insurance products 2015-2020
Exhibit 16: Market share of micro-insurance products in Philippines 2015 and 2020
Exhibit 17: Reasons for upgrading capital management
Exhibit 18: Strategies to manage significant risks for low-income people
Exhibit 19: Five forces analysis
Exhibit 20: Whole life insurance policy features
Exhibit 21: Impact of drivers
Exhibit 22: Impact of drivers and challenges
Exhibit 23: Benefits of mandatory coverage
Exhibit 24: Social media benefits to insurance firms
Exhibit 25: Innovations in customer services
Exhibit 26: Factors that drive customer satisfaction
Exhibit 27: Customer connectivity
Exhibit 28: Other prominent vendors
Exhibit 29: AIG Philippines: Key takeaways
Exhibit 30: Recent developments
Exhibit 31: Asian Life and General Assurance: Key takeaways
Exhibit 32: CARD Pioneer: Service portfolio
Exhibit 33: Recent developments
Exhibit 34: CARD Pioneer: Key takeaways
Exhibit 35: CLIMBS Life: Product and service portfolio
Exhibit 36: Recent developments
Exhibit 37: CLIMBS Life: Key takeaways

  • Renewable Energy Sources Needs To Boost Global Microgrids Market
    The global market for microgrid was worth US$13.3 billion in 2015, and is anticipated to touch an estimate of US$35.2 billion by 2020. Dealers in the market for microgrids are incessantly improving the network hosting capability for renewable energy resources to excerpt an extreme amount from it, in addition to commercialization of classically costly renewable […]
  • Manufacturing Trends In The Coming Days
    The manufacturing industry may be encountering some breezes, but it is irrefutably in the middle of a technological revival that is altering the appearance, structures, and practices of the modern factory. Notwithstanding the jeopardies and in spite of recent history industrial manufacturing enterprises cannot afford to disregard these developments. Few of the trends to look […]
  • Top 10 Emerging Technologies
    The World Economic Forum (WEF) and Scientific American lately unveiled the major technological innovation list of the top ten emerging technologies. This list emphasizes on the technological developments which have the supremacy to transform industries, protect the planet, and improve lives. It also presents an opening to discuss any societal, human, economic or environmental jeopardies […]
  • Global Biosimilars Market To Be Led By Novartis by 2020
    Biologics, which are typically inoculated or injected, are formed in living entities, making them more challenging and costly to manufacture than the usual pills contrived from chemicals. Observing that mock-ups are mostly identical to the prototypes has also modelled specific scientific and regulatory tasks. But the US FDA and European supervisors lately have acknowledged new […]
  • Global Thyroid Gland Disorder Treatment Market To Grow Steadily
    The global thyroid gland disorder treatment market was worth US$1.8 billion in 2014 and is projected to reach a market value of US$2.4 billion in 2023 intensifying at a CAGR of 3.1% from 2015 to 2023.  The thyroid gland produces thyroid hormones that control some of the most essential functions in the human body such as stimulating […]
  • Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020
    Published: 16-May-2017        Price: US 1450 Onwards        Pages: 129
    Synopsis Timetric's 'Non-Life Insurance in Hong Kong, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Hong Kong non-life insurance segment, and a comparison of the Hong Kong insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and ......
  • Non-Life Insurance in the US, Key Trends and Opportunities to 2020
    Published: 30-Apr-2017        Price: US 1450 Onwards        Pages: 222
    Synopsis Timetric's 'Non-Life Insurance in the US, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the US non-life insurance segment, and a comparison of the US insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during......
  • Non-Life Insurance in the Netherlands, Key Trends and Opportunities to 2020
    Published: 30-Apr-2017        Price: US 1450 Onwards        Pages: 144
    Synopsis Timetric's 'Non-Life Insurance in the Netherlands, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Dutch non-life insurance segment, and a comparison of the Dutch insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and re......
  • Non-Life Insurance in Spain, Key Trends and Opportunities to 2020
    Published: 30-Apr-2017        Price: US 1450 Onwards        Pages: 162
    Synopsis Timetric's 'Non-Life Insurance in Spain, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Spanish non-life insurance segment, and a comparison of the Spanish insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentio......
  • Non-Life Insurance in Poland, Key Trends and Opportunities to 2020
    Published: 31-Mar-2017        Price: US 1450 Onwards        Pages: 148
    Synopsis Timetric's 'Non-Life Insurance in Poland Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Polish non-life insurance segment, and a comparison of the Polish insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the revie......
  • Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2020
    Published: 31-Mar-2017        Price: US 1450 Onwards        Pages: 146
    Synopsis Timetric's 'Non-Life Insurance in Vietnam, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Vietnamese non-life insurance segment, and a comparison of the Vietnamese insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during......
  • Non-Life Insurance in Egypt, Key Trends and Opportunities to 2020
    Published: 31-Mar-2017        Price: US 1450 Onwards        Pages: 114
    Timetric's 'Non-Life Insurance in Egypt Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Egyptian non-life insurance segment, and a comparison of the Egyptian insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011......
  • Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020
    Published: 28-Mar-2017        Price: US 1450 Onwards        Pages: 149
    Synopsis Timetric's 'Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Portuguese non-life insurance segment, including: • The Portuguese non-life segment's detailed outlook by product category • A comprehensive overview of the Portuguese economy and demographics • A comparison of the Portuguese non-life insurance segment with its regional counterpar......
  • Non-Life Insurance in the Philippines, Key Trends and Opportunities to 2020
    Published: 17-Mar-2017        Price: US 1450 Onwards        Pages: 140
    Synopsis Timetric's 'Non-Life Insurance in the Philippines, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Philippine non-life insurance segment, and a comparison of the Philippine insurance industry with its regional counterparts. It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment inc......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs