Insurance perspective among adults Philippines 2021

Published by Statista Research Department, Mar 29, 2022
According to a survey among Filipino adults conducted in November 2021, 91 percent of respondents recognized the importance of insurance, and 86 percent planned to buy new and additional insurance in the coming year. However, the insurance penetration rate in the country had remained below two percent in 2020.

Outlook on insurance and retirement plans among adults in the Philippines as of November 2021

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Release date

January 2022

Region

Philippines

Survey time period

November 2021

Number of respondents

1,043 respondents

Age group

25-65 years old

Special properties

amog insurance owners and non-insurance owners who intend to purchase an insurance

Method of interview

Online survey

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Overview

4

Key indicators

4

Life insurance

5

Non-life insurance

6

Consumer perspective

6

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