The Philippines contains one of the fastest-growing and most promising life insurance segments in the Southeast Asian region. The insurance regulations were recently amended in order to reduce taxes on life insurance premiums from 5% to 2% during the review period. The rising popularity of unit linked life insurance products will drive the Philippine life insurance market over the forecast period. The newly imposed documentary stamp tax reduced the previous rate of premium taxes, which will enable the cost of life insurance for policyholders to reduce.

Report Scope

This report provides a comprehensive analysis of the life insurance market in the Philippines:

• It provides historical values for the Philippine life insurance market for the report's 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in the Philippine life insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for life insurance products in the Philippines
• Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in the Philippines for the life insurance business
• It provides a detailed analysis of the reinsurance market in the Philippines and its growth prospects
• It profiles the top life insurance companies in the Philippines, and outlines the key regulations affecting them

Click for Report details:Life Insurance in the Philippines, Key Trends and Opportunities to 2016