Research and Markets: Personal Accident and Health Insurance in Philippines - Key Trends and Opportunities to 2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/2xkm4n/personal_accident) has announced the addition of the "Personal Accident and Health Insurance in Philippines, Key Trends and Opportunities to 2018" report to their offering.

Personal accident and health was the second-fastest-growing segment in terms of gross written premiums in the Philippine insurance industry during the review-period. Although the segment was the smallest in the industry, it grew at a review period (2009-2013) compound annual growth rate (CAGR) of 11.8%. High crime rates, the quality of the country's private healthcare services and an expanding middle-class population supplemented the segment's growth.

The increased capital requirement is anticipated to lead to a period of consolidation in the segment. However, government efforts to spread financial awareness are expected to support the segment over the forecast period, backed by a low penetration rate, rising health costs and regulatory amendments.

Key Highlights

  • Personal accident and health was the second-fastest-growing segment in terms of gross written premiums in the Philippine insurance industry during the review-period
  • Although the segment was the smallest in the industry, it grew at a review period (2009-2013) compound annual growth rate (CAGR) of 11.8%.
  • High crime rates, the quality of the country's private healthcare services and an expanding middle-class population supplemented the segment's growth.
  • Government efforts to spread financial awareness are expected to support the segment over the forecast period, backed by a low penetration rate, rising health costs and regulatory amendments.
  • Although the personal accident and health segment is diversified, it is highly mature.

Key Topics Covered:

1 Key Facts and Events

2 Executive Summary

3 Introduction

4 Philippine Insurance Industry Attractiveness

5 Personal Accident and Health Insurance Segment Outlook

6 Analysis by Distribution Channel

7 Governance, Risk and Compliance

8 Competitive Landscape and Strategic Insights

9 Appendix

Companies Mentioned

  • Philippines Health Insurance Corporation
  • Blue Cross Insurance, Inc
  • Malayan Insurance Company, Inc.
  • Prudential Guarantee and Assurance, Inc.
  • BPI/MS Insurance Corporation
  • Pioneer Insurance & Surety Corporation
  • Charter Ping An (Philippine Charter Ins. Corp.)
  • Federal Phoenix Assurance Co., Inc.
  • UCPB General Insurance Company, Inc.
  • Sun Life of Canada (Philippines), Inc.

For more information visit http://www.researchandmarkets.com/research/2xkm4n/personal_accident

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Health Insurance

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Health Insurance