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Insurance density of life insurance and mutual benefit associations (MBA) in the Philippines from 2013 to 2024 (in 1,000 Philippine pesos)

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Source

Release date

January 2026

Region

Philippines

Survey time period

2013 to 2024

Supplementary notes

*Preliminary figures.

Figures have been rounded.

One Philippines peso is equal to 0.017 U.S. dollars and 0.016 euros as of April 2025.

Data compiled from multiple reports of the same source.

Citation formats

Insurance density of life insurance and MBA Philippines 2013-2024

Published by Jenny Yang, Apr 20, 2026

The insurance density of life insurance and mutual benefit associations (MBA) in the Philippines amounted to approximately ****thousand Philippine pesos in 2024, according to preliminary data. The average spending by each individual on life insurance has increased overall since 2015.

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