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.
Personal accident premiums surged 149.5% year on year, and aviation more than doubled, up 115.7%, while miscellaneous was the lone drag on December growth.
Premium expansion, demographic shifts, and enhanced bancassurance channels are seen to boost the sector and support sustained growth in protection, retirement, and high-net-worth client solutions in the...
