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Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2023 (in trillion Philippine pesos)

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Source

Release date

February 2025

Region

Philippines

Survey time period

2016 to 2023

Supplementary notes

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

Figures have been rounded.

Citation formats

Sum assured of life insurance industry Philippines 2016-2023

Published by Jenny Yang, Apr 8, 2025

In 2023, the total value of the sum assured of the life insurance industry in the Philippines amounted to approximately trillion Philippine pesos. This reflects an increase from the previous year's total of trillion Philippine pesos. 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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Statistics on " Insurance industry in the Philippines "

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Overview

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Life insurance

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General insurance

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Health insurance

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Leading companies

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Key indicators

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Pre-need insurance

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Insurance industry in the PhilippinesDemographics of the PhilippinesNatural disasters in the PhilippinesHealthcare in the Philippines Pharmaceutical market in the Philippines
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