Claims and losses, Life and Health, News, Non-life, Results

Philippine insurance industry records 14.48% premium rise in 1H 2024

The Insurance Commission of the Philippines reports strong growth in both life and non-life segments, though the industry has also seen a surge in claims.

Editorial team

August 21, 2024

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3 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.