Reinsurance in the Philippines, Key Trends and Opportunities to 2020

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Date: 15-Mar-2017
No. of pages: 41
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Synopsis

Timetric's 'Reinsurance in the Philippines, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Philippine reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Philippine economy and demographics, and provides detailed analysis of natural hazards and their impact on the Philippine insurance industry.

The report brings together Timetric's research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric's 'Reinsurance in the Philippines, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Philippine reinsurance segment, including:


  • An outlook of the Philippine reinsurance segment

  • A comprehensive overview of the Philippine economy and demographics

  • Detailed analysis of natural hazards and their impact on the Philippine insurance industry

  • The competitive landscape in the Philippine reinsurance segment


Scope

This report provides a comprehensive analysis of the reinsurance segment in the Philippines:


  • It provides historical values for the Philippine reinsurance segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

  • It offers a detailed analysis of the key categories in the Philippine reinsurance segment, and market forecasts to 2020.

  • It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the Philippines, and the reinsurance segment's growth prospects.

  • It analyzes various natural hazards and their impact on the Philippine insurance industry


Reasons to buy


  • Make strategic business decisions using in-depth historic and forecast market data related to the Philippine reinsurance segment, and each category within it.

  • Understand the demand-side dynamics, key market trends and growth opportunities in the Philippine reinsurance segment.

  • Identify growth opportunities and market dynamics in key product categories.

  • Gain insights into key regulations governing the Philippine insurance industry, and their impact on companies and the industry's future.


Key Highlights


  • The premium accepted by the Philippine reinsurance segment decreased at a review-period CAGR of -8.7%.

  • PhilNaRe is the country's sole reinsurer. According to Presidential Decree No. 1270 of 1977, all insurers operating in the Philippines must cede 10% of their foreign outward reinsurance business to PhilNaRe.

  • The government is considering the establishment of a disaster insurance pool to cover residential properties and SMEs against typhoons, earthquakes, floods and storms.

  • The country is highly prone to natural disasters, which keeps reinsurance demand afloat; the country was ranked fourth in this respect, according to the United Nations Office for Disaster Risk Reduction.

Reinsurance in the Philippines, Key Trends and Opportunities to 2020

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Reinsurance outlook
4.1 Reinsurance Segment Size, 2011-2020
4.1.1 Total reinsurance premium accepted
4.2 Reinsurance Segment Size by Premium Ceded, 2011-2020

5 Natural Hazards
5.1 Storms
5.2 Floods
5.3 Earthquakes
5.4 Landslides
5.5 Volcanic Eruptions
5.6 Exposure

6 Competitive Landscape
6.1 Company Profiles
6.1.1 National Reinsurance Corporation of the Philippines - company overview

7 Definition and Methodology
7.1 Definitions
7.2 Methodology

8 About Timetric
8.1 Contact Timetric
8.2 About Timetric
8.3 Timetric's Services
8.4 Disclaimer

List of Tables

Table 1: Philippine Reinsurance - Key Facts, 2015
Table 2: Philippine Government Credit Ratings
Table 3: Philippine Reinsurance - Total Premium Accepted (PHP Billion and US$ Million), 2011-2015
Table 4: Philippine Reinsurance - Total Premium Accepted (PHP Billion and US$ Billion), 2015-2020
Table 5: Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2011-2015
Table 6: Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2015-2020
Table 7: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
Table 8: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
Table 9: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
Table 10: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
Table 11: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
Table 12: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
Table 13: Philippine Average Annual Loss by Hazard, 1990-2014
Table 14: Philippine Worst Disasters in Terms of Number of Casualties
Table 15: Philippine Biggest Earthquakes in Terms of Magnitude
Table 16: Philippine All Natural Catastrophes in 2013 and 2014
Table 17: National Reinsurance Corporation of the Philippines - Key Facts
Table 18: National Reinsurance Corporation of the Philippines - Key Financials (PHP Million), 2011-2015
Table 19: Insurance Industry Definitions

List of Figures

Figure 1: Philippine Real GDP (PHP Trillion), 2011-2020
Figure 2: Philippine Consumer Price Inflation (%), 2011-2020
Figure 3: Philippine Current Account Balance as Percentage of GDP (%), 2011-2015
Figure 4: Philippine Unemployment Rate, 2011-2020
Figure 5: Philippine Population by Age Group, 1990-2025
Figure 6: Philippine Reinsurance - Total Premium Accepted (PHP Billion), 2011-2020
Figure 7: Philippine Reinsurance - Premium Ceded by Type of Insurance (PHP Billion), 2011-2020
Figure 8: Philippine Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2011-2020
Figure 9: Philippine Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 10: Philippine Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 11: Philippine Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 12: Philippine - Frequency of Hazards by Type, 1990-2014
Figure 13: Philippine Mortality by Hazards Type, 1990-2014
Figure 14: Philippine Economic Loss by Hazards Type, 1990-2014

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