Data insight, Market report, Motor, Nat Cat, News, Non-life, Property

Philippine insurance market set for strong growth, but huge protection gap persists: GlobalData

Market is projected to grow to over US$4bn by 2029, but insurance gap leaves millions financially vulnerable to climate disasters.

Ralph Martinez

July 24, 2025

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3 min read

Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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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.