In 2022, the gross value added generated from the insurance and pension funding, except compulsory social security, in the Philippines amounted to approximately 259.28 billion Philippines pesos. The industry's GVA significantly declined in 2020 during the onset of the COVID-19 pandemic.
Gross value added generated from the insurance and pension funding in the Philippines from 2019 to 2022 (in billion Philippine pesos)
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Statistics on Insurance industry in the Philippines
Overview
4
- Premium Statistic GVA from insurance and pension funding Philippines 2019-2022
- Premium Statistic GDP share of insurance Philippines 2016-2022
- Premium Statistic Number of licensed insurance companies Philippines 2016-2021
- Premium Statistic Value of coronavirus-related insurance claims Philippines 2020-2021
Key indicators
3
Life insurance
4
- Premium Statistic Premium income of life insurance industry Philippines 2016-2021
- Premium Statistic Sum assured of life insurance industry Philippines 2016-2021
- Premium Statistic Insurance density of life insurance Philippines 2013-2021
- Premium Statistic Number of newly insured people Philippines 2016-2021
Health insurance
7
- Premium Statistic Share of registered members PhilHealth Philippines 2022, by sector
- Premium Statistic Value of claims paid by PhilHealth Philippines 2022, by membership
- Premium Statistic Premium contributions of PhilHealth members Philippines 2022, by category
- Premium Statistic Total assets of HMOs Philippines 2016-2021
- Premium Statistic Total net worth of HMOs Philippines 2016-2021
- Premium Statistic Total liabilities of HMOs Philippines 2016-2021
- Premium Statistic Total number of licensed HMOs Philippines 2016-2021
General insurance
6
- Premium Statistic Assets of the non-life insurance industry Philippines 2015-2022
- Premium Statistic Liabilities of the non-life insurance industry Philippines 2018-2022
- Premium Statistic Net worth of the non-life insurance sector Philippines 2018-2022
- Premium Statistic Incurred losses for non-life insurance business Philippines 2020, by type
- Premium Statistic Net value of risks written for non-life insurance Philippines 2020, by type
- Premium Statistic Non-life insurance density in the Philippines 2013-2021
Pre-need insurance
4
- Premium Statistic Number of pre-need insurance plans sold Philippines 2022, by type
- Premium Statistic Assets of pre-need insurance sector Philippines 2020-2022
- Premium Statistic Net worth of pre-need insurance sector Philippines 2020-2022
- Premium Statistic Premium income of pre-need insurance sector Philippines 2020-2022
Leading companies
5
- Premium Statistic Major life insurance companies Philippines 2022, by premium income
- Premium Statistic Major life insurance companies Philippines 2022, by assets
- Premium Statistic Major non-life insurance companies Philippines 2022, by gross premiums written
- Premium Statistic Major non-life insurance companies Philippines 2022, by assets
- Premium Statistic Major reinsurance brokers Philippines 2021, by premiums produced
Consumer perspective
5
- Premium Statistic Insurance perspective among adults Philippines 2021
- Premium Statistic Popular insurance products among adults Philippines 2021
- Premium Statistic Impact of COVID-19 on the finances of insurance holders Philippines 2021
- Premium Statistic Preferred type of insurance Philippines 2021, by segment
- Premium Statistic Types of insurance consumers purchased online Philippines 2021, by segment
Further related statistics
18
- Value of invested assets of long-term insurance industry in South Africa 2013-2015
- Value of invested assets of short-term insurance industry in South Africa 2013-2015
- Revenue of comprehensive motor vehicle insurance companies in Belgium 2011-2021
- Total premiums written in Latin America 2015, by country
- Main drivers for overall growth in insurance industry in Sub-Saharan Africa 2016
- Leading insurance companies ranked by gross written premium in Russia 2014
- Leading travel insurance companies U.S. 2019, by trip cancellation and interruption
- Investment yield of life insurance companies in Trinidad & Tobago 2008-2017
- Insurance firms in Europe 2020, by total liabilities
- Non-life insurance premiums to population ratio in Portugal 2005-2016
- Total premium income for health insurance companies in Germany 1980-2021
- Number of lives covered by microinsurance Africa 2014, by country
- Acquisition costs for Old Mutual in South Africa 2013-2015
- Estimated insured losses of significant natural catastrophes in the U.S. 2015
- Gross value added from sugar crops in Maharashtra India FY 2012-2020
- Rubber and plastics gross value added share in Russia 2015-2021
- Gross value added from kitchen gardens in Jammu & Kashmir India FY 2012-2020
- Peru: manufacturing sector's added value to real GDP 2012-2021
Further Content: You might find this interesting as well
Statistics
- Value of invested assets of long-term insurance industry in South Africa 2013-2015
- Value of invested assets of short-term insurance industry in South Africa 2013-2015
- Revenue of comprehensive motor vehicle insurance companies in Belgium 2011-2021
- Total premiums written in Latin America 2015, by country
- Main drivers for overall growth in insurance industry in Sub-Saharan Africa 2016
- Leading insurance companies ranked by gross written premium in Russia 2014
- Leading travel insurance companies U.S. 2019, by trip cancellation and interruption
- Investment yield of life insurance companies in Trinidad & Tobago 2008-2017
- Insurance firms in Europe 2020, by total liabilities
- Non-life insurance premiums to population ratio in Portugal 2005-2016
- Total premium income for health insurance companies in Germany 1980-2021
- Number of lives covered by microinsurance Africa 2014, by country
- Acquisition costs for Old Mutual in South Africa 2013-2015
- Estimated insured losses of significant natural catastrophes in the U.S. 2015
- Gross value added from sugar crops in Maharashtra India FY 2012-2020
- Rubber and plastics gross value added share in Russia 2015-2021
- Gross value added from kitchen gardens in Jammu & Kashmir India FY 2012-2020
- Peru: manufacturing sector's added value to real GDP 2012-2021
PSA (Philippines). (January 26, 2023). Gross value added generated from the insurance and pension funding in the Philippines from 2019 to 2022 (in billion Philippine pesos) [Graph]. In Statista. Retrieved March 31, 2023, from https://www.statista.com/statistics/1184170/philippines-gross-value-added-insurance-industry/
PSA (Philippines). "Gross value added generated from the insurance and pension funding in the Philippines from 2019 to 2022 (in billion Philippine pesos)." Chart. January 26, 2023. Statista. Accessed March 31, 2023. https://www.statista.com/statistics/1184170/philippines-gross-value-added-insurance-industry/
PSA (Philippines). (2023). Gross value added generated from the insurance and pension funding in the Philippines from 2019 to 2022 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: March 31, 2023. https://www.statista.com/statistics/1184170/philippines-gross-value-added-insurance-industry/
PSA (Philippines). "Gross Value Added Generated from The Insurance and Pension Funding in The Philippines from 2019 to 2022 (in Billion Philippine Pesos)." Statista, Statista Inc., 26 Jan 2023, https://www.statista.com/statistics/1184170/philippines-gross-value-added-insurance-industry/
PSA (Philippines), Gross value added generated from the insurance and pension funding in the Philippines from 2019 to 2022 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1184170/philippines-gross-value-added-insurance-industry/ (last visited March 31, 2023)
Gross value added generated from the insurance and pension funding in the Philippines from 2019 to 2022 (in billion Philippine pesos) [Graph], PSA (Philippines), January 26, 2023. [Online]. Available: https://www.statista.com/statistics/1184170/philippines-gross-value-added-insurance-industry/