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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Philippines Motor Insurance Market
At the Insurance Asia Awards 2023, Malayan Insurance Co. Inc., was awarded the title of “Domestic General Insurer of the Year” in the Philippines. It is one of the leading non-life insurers in the country.
- Malayan Insurance Co. Inc.
- Prudential Guarantee and Assurance, Inc.
- AXA
- BPI/MS Insurance Corporation
- FPG Insurance Co., Inc.
- PARAMOUNT LIFE AND GENERAL INSURANCE CORPORATION
- Standard Insurance Co. Inc.
- Cocogen Insurance, Inc
- Others
Philippines Motor Insurance Market Report Snapshots
Philippines Motor Insurance Market Size
Philippines Motor Insurance Market Growth
Philippines Motor Insurance Market Share
Philippines Motor Insurance Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached nearly USD 2.23 billion in 2023.
The market is projected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 3.07 billion in 2032.
The different policy types in the market are liability insurance, comprehensive insurance, collision coverage, and personal injury protection.
The different distribution channels in the market are direct response, insurance agents, and banks, among others.
The different categories of premiums in the market include personal insurance premiums and commercial insurance premiums.
The key market players are Malayan Insurance Co. Inc., Prudential Guarantee and Assurance, Inc., AXA, BPI/MS Insurance Corporation, FPG Insurance Co., Inc., PARAMOUNT LIFE AND GENERAL INSURANCE CORPORATION, Standard Insurance Co. Inc., and Cocogen Insurance, Inc, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124