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Total value of sum assured on new business generated for traditional life insurance in the Philippines from 2013 to 2020 (in trillion Philippine pesos)

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Source

Release date

January 2023

Region

Philippines

Survey time period

2013 to 2019

Supplementary notes

One Philippine peso is equal to 0.018 U.S. dollars and 0.017 euros as of January 2023.
Figures prior to 2016 came from earlier reporting.

Citation formats

Value sum assured on new business traditional life insurance Philippines 2013-2020

Published by Jenny Yang, Jan 10, 2023
The total value of the sum assured on the new policies issued for traditional life insurance in the Philippines amounted to approximately **** trillion Philippine pesos in 2020. Sum assured is the amount of the coverage outlined in the insurance policy that the policyholder is guaranteed to receive from the insurer before any bonuses.
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