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Microinsurance Market in the Philippines - Analysis, Technologies & Forecasts Report 2016-2020 - Key Vendors are AIG, CARD Pioneer & CLIMBS Life - Research and Markets

[September 27, 2016]

Microinsurance Market in the Philippines - Analysis, Technologies & Forecasts Report 2016-2020 - Key Vendors are AIG, CARD Pioneer & CLIMBS Life - Research and Markets

Research and Markets has announced the addition of the "Microinsurance Market in the Philippines 2016-2020" report to their offering.

The report forecasts the micro-insurance market in the Philippines to grow at a CAGR of 21.47% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, different valuation strategies will be a key driver for market growth. Micro-insurance is subject to normal industry cyclicals. Market players, therefore, formulate different strategies to earn positive yields and generate cash flows. These techniques help to bring in stable earnings year-on-year for players in the micr-insurance industry. While micro-insurance players remain subject to business cyclicals, the growth resulting from changes in premiums may not affect much of the relative growth prospects of the industry players. However, it is important to note that a micro-insurance company's underwriting activities do cast an effect on the valuation of the insurer. This applies to instances when the insurance company hikes the rate of premium.

Further, the report states that if we look at the current market scenario, there has been low penetration of micro-insurance as there is a lack of insurance culture amongst the population.

Key vendors: