Incurred losses for non-life insurance business Philippines 2015-2020

Published by
Christy Balita,
Jan 13, 2023
In 2020, the total losses incurred for non-life insurance or general insurance business in the Philippines amounted to approximately 20.92 billion Philippine pesos. Incurred losses pertain to claims paid to indemnify the insured, based on the coverage outlined in the policy contract.

Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos)

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Release date

November 2021

Region

Philippines

Survey time period

2015 to 2020

Special properties

excluding Government Service Insurance System (GSIS)

Supplementary notes

One Philippine peso is equal to 0.02 U.S. dollars and 0.017 euros as of January 2022.
Figures have been rounded.

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