According to a survey about the financial impact of COVID-19 on insurance consumers in the Philippines in 2021, 44 percent of respondents stated that they had to dip into their savings to a great degree. The Philippines was a country in the category of emerging markets, where the effects of the financial crisis were usually more severe for consumers.
Share of insurance consumers who suffered from the financial impact of COVID-19 in the Philippines as of August 2021
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EY. (December 9, 2021). Share of insurance consumers who suffered from the financial impact of COVID-19 in the Philippines as of August 2021 [Graph]. In Statista. Retrieved December 07, 2023, from https://www.statista.com/statistics/1299937/philippines-financial-impact-of-covid-19-on-insurance-consumers/
EY. "Share of insurance consumers who suffered from the financial impact of COVID-19 in the Philippines as of August 2021." Chart. December 9, 2021. Statista. Accessed December 07, 2023. https://www.statista.com/statistics/1299937/philippines-financial-impact-of-covid-19-on-insurance-consumers/
EY. (2021). Share of insurance consumers who suffered from the financial impact of COVID-19 in the Philippines as of August 2021. Statista. Statista Inc.. Accessed: December 07, 2023. https://www.statista.com/statistics/1299937/philippines-financial-impact-of-covid-19-on-insurance-consumers/
EY. "Share of Insurance Consumers Who Suffered from The Financial Impact of Covid-19 in The Philippines as of August 2021." Statista, Statista Inc., 9 Dec 2021, https://www.statista.com/statistics/1299937/philippines-financial-impact-of-covid-19-on-insurance-consumers/
EY, Share of insurance consumers who suffered from the financial impact of COVID-19 in the Philippines as of August 2021 Statista, https://www.statista.com/statistics/1299937/philippines-financial-impact-of-covid-19-on-insurance-consumers/ (last visited December 07, 2023)
Share of insurance consumers who suffered from the financial impact of COVID-19 in the Philippines as of August 2021 [Graph], EY, December 9, 2021. [Online]. Available: https://www.statista.com/statistics/1299937/philippines-financial-impact-of-covid-19-on-insurance-consumers/