Top Insurance Companies in the Philippines 2018

Browse By

Top Insurance Companies in the Philippines 2018: The Insurance Commission has released on their website the statistics reflecting the performance of life insurance companies in the Philippines last 2017. The Insurance Commission, which is a government agency under the Department of Finance, is the regulating body that monitors and supervises life and non-life insurance companies, as well as mutual benefit associations, and trusts for charitable uses.

Related: List of Insurance Companies in the Philippines

5 Life Statistics categories have been released on the website:

Top Insurance Companies in the Philippines based on Paid-Up Capital

Amount of money that is actually received from shareholders in exchange for shares of stocks.

top insurance companies in the philippines 2018 Paid-up-Capital

Top Insurance Companies in the Philippines 2018. Data taken from: https://www.insurance.gov.ph/statistics/life/

Top Insurance Companies in the Philippines based on Premium Income

Revenue generated by a Life Insurance Company from the total premium it charges on its policies.

top insurance companies in the philippines 2018 Premium-Income

Top Insurance Companies in the Philippines 2018. Data taken from: https://www.insurance.gov.ph/statistics/life/

Top Insurance Companies in the Philippines based on Networth

Total assets minus total liabilities of a Life Insurance Company.

top insurance companies in the philippines 2018 Networth

Top Insurance Companies in the Philippines 2018. Data taken from: https://www.insurance.gov.ph/statistics/life/

Top Insurance Companies in the Philippines based on Net Income

Total revenues minus total expenses of a Life Insurance Company.

top insurance companies in the philippines 2018 Net-Income

Top Insurance Companies in the Philippines 2018. Data taken from: https://www.insurance.gov.ph/statistics/life/

Top Insurance Companies in the Philippines based on Assets

All the available properties of every kind or possession of a Life Insurance Company that might be used to pay its debts.

top insurance companies in the philippines 2018

Top Insurance Companies in the Philippines 2018. Data taken from: https://www.insurance.gov.ph/statistics/life/

Sun Life of Canada (Philippines), Inc. maintains its lead as one of the top insurance companies in the Philippines, based on Premium Income. From 31.8 billion in 2016, it has grown to 32 billion on 2017. Sun Life of Canada (Philippines), Inc. also takes the lead in 2017 as the top insurance companies in the Philippines based on Net Income, jumping from the 7th ranking in 2016 to the 1st in 2017.

FWD Life Insurance Corp. takes the top spot based on Paid-Up capital, while Philippine American Life & Gen. Ins. Co. ( life unit) leads Networth and Assets.

The Insurance Commission regulates the operations of life insurance companies in the Philippines, as well as their representatives, given that these businesses exist to serve the public.

Related: Where to find online jobs and freelance gigs in the Philippines

Leave a Reply

Your email address will not be published. Required fields are marked *