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Reinsurance in the Philippines, Key Trends and Opportunities to 2017 Reportstack Reportstack Contact contactus@reportstack.com


Summary ď ś The Philippine reinsurance segment declined in 2009 as a result of the financial crisis, but recovered and recorded a robust growth of 22.8% in 2012. During the review period (2008-2012), the Philippine reinsurance segment contained only one domestic reinsurer: the National Reinsurance Corporation of the Philippines (PhilNaRe), which has been awarded a financial strength rating of B++ and an issuer credit rating of BBB from AM Best. The company’s adequate capitalization, established market presence and conservative investment portfolio are the main contributors to its status as the most successful reinsurer in the country. PhilNaRe’s conservative investment portfolio allowed it to generate a stable investment income during the review period.

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Scope 

It provides historical values for the Philippine reinsurance segment for the report’s 2008-2012 review period and forecast figures for the 2012-2017 forecast period

It offers a detailed analysis of the key sub-segments in the Philippine reinsurance segment, along with market forecasts until 2017

It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in the Philippines and its growth prospects

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Key Benefits  Make strategic business decisions using in depth historic and forecast market data related to the Philippine reinsurance segment and each category within it

 Understand the demand-side dynamics, key market trends and growth opportunities within the Philippine reinsurance segment

 Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment

 Identify the growth opportunities and market dynamics within key product categories  Gain insights into key regulations governing the Philippine reinsurance segment and its impact on companies and the market's future

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Key Highlights 

 

The Philippine reinsurance segment declined in 2009 as a result of the financial crisis, but recovered and recorded a robust growth of 22.8% in 2012 Growth in the direct insurance segments, including life, non-life, and personal accident and health insurance, is expected to drive the segment’s growth over the forecast period A regulation that forces insurers to spend only 10% of their foreign contract premium with the state-owned reinsurer increases the competitiveness of the Philippine reinsurance segment High exposure to natural disasters to sustain demand for reinsurance The reinsurance segment is highly consolidated as PhilNaRe is the only reinsurer operating in the country

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Companies Mentioned ď Ź

National Reinsurance Corporation of the Philippines

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If you are interested... ď Ź

Contact Debora White Reportstack Market Research Email: debora@reportstack.com Ph: +1-888-789-6604

http://www.reportstack.com

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Reinsurance in the philippines, key trends and opportunities to 2017