Life insurance penetration rate yearly Philippines 2015-2018

Published by
Christy Balita,
Nov 20, 2023
In 2018, the life insurance penetration rate in the Philippines was around 1.6 percent. Over the last few years, the insurance industry has seen a steady development owing to the ratio of premiums underwritten from life and non-life insurance companies. In that same year, the penetration rate of the insurance industry in the country was about 3.1 percent.

Yearly penetration rate of life insurance industry in the Philippines from 2015 to 2018

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Release date

July 2020

Region

Philippines

Survey time period

2015 to 2018

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