The insurance density of life insurance and mutual benefit associations (MBA) in the Philippines amounted to approximately 2,905.9 Philippine pesos in 2022, according to preliminary data. The average spending by each individual on life insurance has increased overall since 2015.
Insurance density of life insurance and mutual benefit associations (MBA) in the Philippines from 2013 to 2022 (in 1,000 Philippine pesos)
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Other statistics that may interest you Insurance industry in the Philippines
Overview
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Key indicators
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- Premium Statistic Premiums of the insurance industry Philippines 2016-2023
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- Premium Statistic Assets of the insurance industry Philippines 2013-2023
- Premium Statistic Net worth of the insurance sector Philippines 2014-2023
- Premium Statistic Insurance density Philippines 2022, by type
Life insurance
4
- Premium Statistic Premium income of life insurance industry Philippines 2016-2022
- Premium Statistic Sum assured of life insurance industry Philippines 2016-2022
- Premium Statistic Insurance density of life insurance and MBA Philippines 2013-2022
- Premium Statistic Number of newly insured people with a life insurance Philippines 2016-2022
Pre-need insurance
4
- Premium Statistic Number of pre-need insurance plans sold Philippines 2023, by type
- Premium Statistic Assets of pre-need insurance sector Philippines 2020-2023
- Premium Statistic Net worth of pre-need insurance sector Philippines 2020-2023
- Premium Statistic Premium income of pre-need insurance sector Philippines 2020-2023
Health insurance
6
- Premium Statistic Share of registered members PhilHealth Philippines 2023, by sector
- Premium Statistic Number of beneficiaries of PhilHealth Philippines 2022-2023, by membership category
- Premium Statistic Value of claims paid by PhilHealth Philippines 2023, by membership
- Premium Statistic Premium contributions of PhilHealth members Philippines 2023, by category
- Premium Statistic Total assets of HMOs Philippines 2016-2022
- Premium Statistic Total number of licensed HMOs Philippines 2016-2022
General insurance
8
- Premium Statistic Liabilities of the non-life insurance industry Philippines 2018-2023
- Premium Statistic Net worth of the non-life insurance sector Philippines 2018-2023
- Premium Statistic Non-life insurance density in the Philippines 2013-2022
- Premium Statistic Gross premiums written for non-life insurance Philippines 2015-2021
- Premium Statistic Gross premiums for non-life insurance Philippines 2021, by type
- Premium Statistic Share of direct premiums written for non-life insurance Philippines 2021, by business
- Premium Statistic Gross premiums written for fire insurance Philippines 2015-2021
- Premium Statistic Gross premiums direct business motor car insurance Philippines 2015-2021
Leading companies
6
- Premium Statistic Major life insurance companies Philippines 2023, by premium income
- Premium Statistic Major life insurance companies Philippines 2023, by assets
- Premium Statistic Major health maintenance companies Philippines Q4 2022, by revenue
- Premium Statistic Major non-life insurance companies Philippines 2023, by gross premiums written
- Premium Statistic Major non-life insurance companies Philippines 2023, by assets
- Premium Statistic Major reinsurance brokers Philippines 2022, by premiums produced
Consumer perspective
3
Further related statistics
17
- Number of insurance companies Thailand Q2 2023, by category
- Number of new traditional life insurance policies Philippines 2013-2020
- Number of new variable life insurance policies Philippines 2013-2020
- Leading mutual life and health insurance companies in the U.S. 2020, by revenue
- Value of life insurance premiums in France 2011-2019
- Non-life insurance premiums to population ratio in Portugal 2005-2016
- Kyobo Life's net income FY 2013-FY 2021
- Kyobo Life's total assets FY 2013-FY 2021
- Life insurance premium growth ASEAN 2013-2018
- Kyobo Life's premium income FY 2013-FY 2021, by category
- Value of life insurance sector in Saudi Arabia 2009-2025
- Value of life insurance sector in Slovakia 2009-2025
- Value of life insurance sector in Argentina 2009-2025
- Ownership of life insurance companies in Indonesia 2018
- Value of life insurance sector in Italy 2009-2025
- Value of accident and health insurance sector in Thailand 2009-2025
- Industry revenue of “life insurance“ in Spain 2012-2025
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Statistics
- Number of insurance companies Thailand Q2 2023, by category
- Number of new traditional life insurance policies Philippines 2013-2020
- Number of new variable life insurance policies Philippines 2013-2020
- Leading mutual life and health insurance companies in the U.S. 2020, by revenue
- Value of life insurance premiums in France 2011-2019
- Non-life insurance premiums to population ratio in Portugal 2005-2016
- Kyobo Life's net income FY 2013-FY 2021
- Kyobo Life's total assets FY 2013-FY 2021
- Life insurance premium growth ASEAN 2013-2018
- Kyobo Life's premium income FY 2013-FY 2021, by category
- Value of life insurance sector in Saudi Arabia 2009-2025
- Value of life insurance sector in Slovakia 2009-2025
- Value of life insurance sector in Argentina 2009-2025
- Ownership of life insurance companies in Indonesia 2018
- Value of life insurance sector in Italy 2009-2025
- Value of accident and health insurance sector in Thailand 2009-2025
- Industry revenue of “life insurance“ in Spain 2012-2025
Insurance Commission. (January 25, 2024). Insurance density of life insurance and mutual benefit associations (MBA) in the Philippines from 2013 to 2022 (in 1,000 Philippine pesos) [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1060004/philippines-insurance-density-of-life-insurance/?locale=en
Insurance Commission. "Insurance density of life insurance and mutual benefit associations (MBA) in the Philippines from 2013 to 2022 (in 1,000 Philippine pesos)." Chart. January 25, 2024. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1060004/philippines-insurance-density-of-life-insurance/?locale=en
Insurance Commission. (2024). Insurance density of life insurance and mutual benefit associations (MBA) in the Philippines from 2013 to 2022 (in 1,000 Philippine pesos). Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1060004/philippines-insurance-density-of-life-insurance/?locale=en
Insurance Commission. "Insurance Density of Life Insurance and Mutual Benefit Associations (Mba) in The Philippines from 2013 to 2022 (in 1,000 Philippine Pesos)." Statista, Statista Inc., 25 Jan 2024, https://www.statista.com/statistics/1060004/philippines-insurance-density-of-life-insurance/?locale=en
Insurance Commission, Insurance density of life insurance and mutual benefit associations (MBA) in the Philippines from 2013 to 2022 (in 1,000 Philippine pesos) Statista, https://www.statista.com/statistics/1060004/philippines-insurance-density-of-life-insurance/?locale=en (last visited May 13, 2024)
Insurance density of life insurance and mutual benefit associations (MBA) in the Philippines from 2013 to 2022 (in 1,000 Philippine pesos) [Graph], Insurance Commission, January 25, 2024. [Online]. Available: https://www.statista.com/statistics/1060004/philippines-insurance-density-of-life-insurance/?locale=en