The Philippines’ insurance penetration in 2025 reached 1.79% and insurance density climbed to ₱4,414.58, the first time it exceeded ₱4,000 in the past decade, indicating broader access to insurance protection, the Insurance Commission said in a press release.

Staff Reporter

, Philippines

/insanetattooproducts from Pixabay

Density jumps to ₱4,414.58 successful 2025, crossing ₱4,000 for nan first clip successful 10 years.

The Philippines’ security penetration successful 2025 reached 1.79% and security density climbed to $75.05 (₱4,414.58), nan first clip it exceeded ₱4,000 successful nan past decade, indicating broader entree to security protection, nan Insurance Commission said successful a property release.

The state besides paid retired much than $2.64b (₱155b) successful benefits successful 2025 arsenic premiums, assets and sum indicators each improved.

Furthermore, nan regulator said life insurers paid $2.07b (₱121.88b) successful benefits during 2025, whilst non-life insurers paid $0.58b (₱34.05b), highlighting nan sector’s domiciled arsenic a financial information nett amidst economical uncertainty.

The beardown payout capacity coincided pinch continued manufacture description . Total security premiums roseate 14.10% to $8.55b (₱502.64b) successful 2025 from $7.49b (₱440.53b) successful 2024, surpassing nan half-trillion-peso mark.

Life security accounted for 80.22% of full premiums, whilst non-life insurers and communal use associations contributed 16.41% and 3.37%, respectively.

The industry’s equilibrium sheets strengthened alongside growth. Total assets roseate 7.93% to $45.22b (₱2.66t) successful 2025 from $42.00b (₱2.47t) successful 2024, whilst invested assets accrued 8.01% to $40.46b (₱2.38t) from $37.57b (₱2.21t).

Despite higher liabilities and use payments, full nett income grew 15.10% to $1.10b (₱64.79b).

The Insurance Commission said effective regularisation and manufacture collaboration should support continued maturation and let insurers to grow protection for Filipino households and businesses.

($1.00 = ₱57.97)
 

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