In 2020, the total losses incurred for non-life insurance or general insurance business in the Philippines amounted to approximately 20.92 billion Philippine pesos. Incurred losses pertain to claims paid to indemnify the insured, based on the coverage outlined in the policy contract.
Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos)
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Other statistics that may interest you Insurance industry in the Philippines
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Key indicators
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Life insurance
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Pre-need insurance
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Health insurance
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General insurance
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- Premium Statistic Liabilities of the non-life insurance industry Philippines 2018-2023
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Leading companies
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- Premium Statistic Major life insurance companies Philippines 2023, by premium income
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Consumer perspective
3
Further related statistics
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- Largest U.S. life insurance companies in 2018, by direct annuity considerations
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- Rate of return on life insurers' invested assets in the U.S. 2000-2018
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- Life insurance coverage sentiment in the U.S. 2016, by age
- Medicare - number of skilled nursing facilities in the U.S. 1967-2021
- Assets under management of Allianz Group 2005-2023
- Types of mortgages held by U.S. life insurers 2018
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issuu . (November 2, 2021). Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos) [Graph]. In Statista. Retrieved June 13, 2024, from https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu . "Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos)." Chart. November 2, 2021. Statista. Accessed June 13, 2024. https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu . (2021). Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: June 13, 2024. https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu . "Incurred Losses for Non-life Insurance Business in The Philippines from 2015 to 2020 (in Billion Philippine Pesos)." Statista, Statista Inc., 2 Nov 2021, https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu , Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/ (last visited June 13, 2024)
Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos) [Graph], issuu , November 2, 2021. [Online]. Available: https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/