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
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Sector: Health
Insurance