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)
Characteristic
Value of incurred losses in billion Philippine pesos
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issuu . (November 2, 2021). Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu . "Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos)." Chart. November 2, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu . (2021). Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu . "Incurred Losses for Non-life Insurance Business in The Philippines from 2015 to 2020 (in Billion Philippine Pesos)." Statista, Statista Inc., 2 Nov 2021, https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/
issuu , Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/ (last visited July 22, 2024)
Incurred losses for non-life insurance business in the Philippines from 2015 to 2020 (in billion Philippine pesos) [Graph], issuu , November 2, 2021. [Online]. Available: https://www.statista.com/statistics/1058038/philippines-incurred-losses-non-life-insurance-business/