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

  • Non-Life Insurance in Austria, Key Trends and Opportunities to 2020
    Published: 15-Aug-2017        Price: US 1450 Onwards        Pages: 148
    Synopsis Timetric's 'Non-Life Insurance in Austria, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Austria non-life insurance segment, and a comparison of the Austrian 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 ......
  • Non-Life Insurance in Cyprus, Key Trends and Opportunities to 2020
    Published: 15-Aug-2017        Price: US 1450 Onwards        Pages: 123
    Synopsis Timetric's 'Non-Life Insurance in Cyprus, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Cypriot non-life insurance segment, and a comparison of the Cypriot 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 re......
  • Non-Life Insurance in Lebanon Key Trends and Opportunities to 2020
    Published: 31-Jul-2017        Price: US 1450 Onwards        Pages: 122
    Synopsis Timetric's 'Non-Life Insurance in Lebanon Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Lebanese non-life insurance segment, and a comparison of the Lebanese 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 reten......
  • Non-Life Insurance in France, Key Trends and Opportunities to 2020
    Published: 31-Jul-2017        Price: US 1450 Onwards        Pages: 150
    Synopsis Timetric's 'Non-Life Insurance in France, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the French non-life insurance segment, and a comparison of the French 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 retention......
  • Non-Life Insurance in Colombia, Key Trends and Opportunities to 2021
    Published: 26-Jul-2017        Price: US 1450 Onwards        Pages: 139
    Synopsis Timetric's 'Non-Life Insurance in Colombia, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Colombian non-life insurance segment, and a comparison of the Colombian 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 duri......
  • Non-Life Insurance in Germany, Key Trends and Opportunities to 2020
    Published: 26-Jul-2017        Price: US 1450 Onwards        Pages: 169
    Synopsis Timetric's 'Non-Life Insurance in Germany, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the German non-life insurance segment, and a comparison of the German 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 ......
  • Non-Life Insurance in Bahrain, Key Trends and Opportunities to 2020
    Published: 25-Jul-2017        Price: US 1450 Onwards        Pages: 113
    Synopsis Timetric's 'Non-Life Insurance in Bahrain, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Bahraini non-life insurance segment, and a comparison of the Bahraini 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 ......
  • Global Agricultural Insurance Market Size, Status and Forecast 2022
    Published: 04-Jul-2017        Price: US 3300 Onwards        Pages: 109
    This report studies the global Agricultural Insurance market, analyzes and researches the Agricultural Insurance development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like - Allianz - FCIC - Swiss RE - Metlife - Munich Re - Zurich Insurance - BSI Insurance - Syngenta - Sumitomo - Anbang Insurance - CPIC Market......
  • Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2020
    Published: 30-Jun-2017        Price: US 1450 Onwards        Pages: 134
    Synopsis Timetric's 'Non-Life Insurance in Bulgaria, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Bulgarian non-life insurance segment, and a comparison of the Bulgarian 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 r......
  • 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