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Insurance Penetration Rises in Q2
The Philippine Star
|August 24, 2025
Insurance penetration in the Philippines rose slightly in the second quarter, as premium collections from both life and non-life insurance products posted double-digit growth, according to the Insurance Commission.
The IC said insurance penetration—the ratio of premiums to the country's gross domestic product (GDP)—increased to 1.8 percent from April to June.
In a statement, the IC credited the higher penetration to the sector's robust premium growth, which it said reflected both insurers' performance and the public's rising uptake of insurance products.
This story is from the August 24, 2025 edition of The Philippine Star.
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