Philippines Microinsurance Market Growth, Demand, Price, Opportunity and Analysis to 2020

Technavio Announces the Publication of its Research Report Micro-Insurance Market in the Philippines 2016-2020

Technavio recognizes the following companies as the key players in the micro-insurance market in the Philippines: AIG Philippines, Asian Life and General Assurance, CARD Pioneer, and CLIMBS Life.

Other Prominent Vendors in the market are: AFP General lnsurance, PNB MetLife, and xMicroEnsure.

Browse full report with TOC@ https://marketreportscenter.com/reports/388409/microinsurance-market-in-the-philippines-2016-2020

Commenting on the report, an analyst from Technavios team said: Increase in financial inclusion programs will be a key trend for market growth. It is important to focus on the financially inclusive ecosystems especially for low-income clients, including small and medium enterprises. The financial inclusion empowers the poor to manage their finances and reduce their vulnerability to financial distress, debt, and poverty. The majority of populations in the Philippines do not have access to insurance with a bank or any other formal institution. The government in the Philippines focuses more on financial inclusion policies as it is considered an important strategy for growth of the micro-insurance market. The financial inclusion in micro-insurance is given to low-income clients who are excluded from the traditional commercial insurance schemes because they come from the informal sector, have irregular cash flows, or have seasonal fluctuations in earning capacity.”

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 micro-insurance industry. While micro-insurance players remain subject to business cyclicals, the growth resulting from changes in...