Magazine date:
Jun 2017 According to the “Insurance Market Outlook for 2017-2018” report published on 20 April 2017 by Munich Re, the Filipino life insurance market is poised to exhibit one of the highest growth rates in emerging markets during upcoming ten years.
Apart from United Arab Emirates where annual growth for life insurance is likely to attain 10%, the Filipino market is expected to witness a 9.1% increase, thus moving ahead of China (+8.8%), Brazil (+8.1%), Columbia (+7.2%), Mexico and Thailand (+6.9%), India (+6.2%), Malaysia (+4.7%), Argentina (+4.4%) and Chili (+3.1%).
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