Market Report, "Philippines Insurance Report Q3 2010", published

July 7, 2010 - PRLog -- As in Q210, we provide a ranking of the major players in each of the two main segments as they are seen by the organisation providing the data (which, in practice, is usually the regulator or the trade association). In the Philippines the three largest non-life companies in 2008 - in terms of gross written premiums - were Malayan Insurance Company, Prudential Guarantee & Assurance and BPI/MS Insurance Corp (FEB Mitsui Marine), whose market shares were 16.5%, 8.2% and 6.5% respectively. In the life segment, the leaders were Philam Life and General, Sun Life of Canada (Philippines) and Insular Life Assurance, whose market shares were 24.0%, 17.4% and 10.3% respectively. Over time, we hope to derive insights from observing how market shares change. We emphasise, though, that a decline in share of gross written premiums is not automatically a bad thing and is often the result of a corporate decision to focus on more profitable business lines.

We also provide a breakdown of the insurance sector by line - from the point of view of the regulator or the trade association. In the Philippines the largest non-life lines in 2008 were fire, motor car and casualty. Over time, we should be able to use this information to bring greater sophistication to our forecasting process.

We are looking for total premiums in 2009 of PHP198,661mn. This comprises non-life premiums of PHP48,296mn and life premiums of PHP150,366mn. In 2014 the corresponding figures should be PHP426,816mn, PHP103,396mn and PHP323,420mn. In terms of the key drivers that underpin our forecasts, we are looking for non-life penetration to change from 0.61% in 2009 to 0.80% in 2014, and for life density to rise from US$36 to US$79. BMI's proprietary Insurance Business Environment Rating for the Philippines is 54.0 out of 100.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/71588_philippines_insurance_re...

Report Table of Contents:

Executive Summary
- Table: Overview Of The Philippines' Insurance Sector
- Key Insights On The Philippines' Insurance Sector
SWOT Analysis
- Philippines Insurance Industry SWOT
- Philippines Political SWOT
- Philippines Economic SWOT
- Philippines Business Environment SWOT
Prudential's Acquisition Of AIA
- Table: AIG's Asset Sales
- Tale: AIA - Key Facts
- Table: AIA's Market Positions
- Table: The Combined Group - Latest Rankings In Asia Pacific Life Insurance
- Table: Key Features Of Prudential plc's Proposed Acquisition Of AIA
- Table: Asia Highlights Of Prudential plc's 2009 Annual Report
- Table: Prudential plc's New Business In Annualised Premium Equivalent, 2009
- Table: Asia Pacific Life Insurance Markets At A Glance1
- Table: Global Life Insurance Profitability - Selected Figures
- Table: Who's Who - Life Insurance Joint Ventures And Businesses In India And China
MetLife's Acquisition Of ALICO
- Table: ALICO At A Glance
- Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%)
- Table: ALICO - A Market Leader In Japan
- Table: MetLife's Acquisition Of ALICO
- Table: MetLife And ALICO Combined
Asia Pacific Overview
- Table: Asia Pacific Non-Life Markets At A Glance, 2008-2010
- Table: Asia Pacific Life Markets At A Glance, 2008-2010
Projections And Forecasts
- Table: Insurance Premiums, 2007-2014
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2007-2014
Country Update
- Macroeconomic Outlook
- Table: Philippines - Economic Activity, 2007-2014
- Long-Term Political Outlook
Insurance Business Environment Rating
- Table: Philippines - Insurance Business Environment Indicators
- Table: Asia Pacific Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2008
- Table: Life Premiums In A Regional Context, 2008
Major Players In The Philippines' Insurance Sector
- Table: Principal Insurance Lines, 2008 (PHPmn)
- Table: Insurance Companies By Gross Written Premiums, 2008 (PHPmn)
Analysis Of Regional Competitive Conditions
Local Company Profiles
- Insular Life
- Malayan Insurance
Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA
- Cardif
- Fortis
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential Plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
Country Snapshot: Philippines Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2007-2012 (US$)
- Table: Average Annual Manufacturing Wages, 2004-2006
Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.