The total value of insurance premiums in the Philippines amounted to approximately 390 billion Philippine pesos, indicating an increase from the previous year. In the same year, the GDP contribution of the insurance industry also increased.
Total premiums of the insurance industry in the Philippines from 2016 to 2023
(in billion Philippine pesos)
One Philippines peso is equal to 0.018 U.S. dollars and 0.016 euros as of March 2024.
Figures have been rounded.
Figures prior to 2022 came from earlier reporting.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Insurance Commission. (March 25, 2024). Total premiums of the insurance industry in the Philippines from 2016 to 2023 (in billion Philippine pesos) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1423317/philippines-total-value-of-insurance-premiums/
Insurance Commission. "Total premiums of the insurance industry in the Philippines from 2016 to 2023 (in billion Philippine pesos)." Chart. March 25, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1423317/philippines-total-value-of-insurance-premiums/
Insurance Commission. (2024). Total premiums of the insurance industry in the Philippines from 2016 to 2023 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1423317/philippines-total-value-of-insurance-premiums/
Insurance Commission. "Total Premiums of The Insurance Industry in The Philippines from 2016 to 2023 (in Billion Philippine Pesos)." Statista, Statista Inc., 25 Mar 2024, https://www.statista.com/statistics/1423317/philippines-total-value-of-insurance-premiums/
Insurance Commission, Total premiums of the insurance industry in the Philippines from 2016 to 2023 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1423317/philippines-total-value-of-insurance-premiums/ (last visited October 30, 2024)
Total premiums of the insurance industry in the Philippines from 2016 to 2023 (in billion Philippine pesos) [Graph], Insurance Commission, March 25, 2024. [Online]. Available: https://www.statista.com/statistics/1423317/philippines-total-value-of-insurance-premiums/
