Korea led the region’s softening with a 17% composite rate drop, while Taiwan and Hong Kong SAR also posted double-digit declines, according to Marsh data.
Investment-linked products (ILPs) surge almost 28% as investors favour regular-premium plans and HNW solutions, while IP premiums surge before 2026 rider reset.
Insurance penetration improved to 1.78% in 2025, as insurers paid 121.9bn pesos (approx. US$2.08bn) in life benefits and sector assets climbed past 2 trillion pesos.
Nearly one in three reported claims remained pending at the end of FY2025, with standalone health insurers outperforming general insurers on claim settlement ratios and speed.
