Reinsurance in the Philippines, Key Trends and Opportunities to 2016

Despite the global economic crisis, the Philippine reinsurance segment recorded stable growth during the review period. This is attributable to the increasing cost of reinsurance protection and susceptibility of the country to frequent natural disasters such as typhoons. The number of reinsurance companies registered in the Philippines fell from two to one during the review period, although some domestic insurers also have limited reinsurance operations. The National Reinsurance Corporation of the Philippines is the only reinsurer based in the Philippines. It was established to provide both life and non-life reinsurance to the Philippines and other neighboring countries.

Philippine reinsurance market

Published: March 2012
No. of Pages: 97

Price- Single User License: US $ 1950      Corporate User License: US $ 3900

Scope

This report provides a comprehensive analysis of the reinsurance market in the Philippines:

• It provides historical values for the Philippine reinsurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in the Philippine reinsurance market, along with market forecasts until 2016
• It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in the Philippines and its growth prospects
• It profiles the top reinsurance companies in the Philippines

Reasons To Buy

• Make strategic business decisions using top-level historic and forecast market data related to the Philippine reinsurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Philippine reinsurance market
• Assess the competitive dynamics in the reinsurance market
• Identify the growth opportunities and market dynamics within key product categories

Key Highlights

• Despite the global economic crisis, the Philippine reinsurance segment recorded stable growth during the review period.
• The Philippine reinsurance segment is dominated by the Philippines National Reinsurance Corporation (PhilnaRe), which is the only domestic reinsurance company in the Philippines.
• The Philippine government is also expected to introduce more regulations for the country’s insurance industry over the forecast period, as it tries to match the EU’s strict regulatory environment.
• The significant growths registered by the non-life and personal accident and health insurance segments over the forecast period are expected to generate growth for the reinsurance segment.

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Personal Accident and Health Insurance in the Philippines, Key Trends and Opportunities to 2016

Natural disasters such as Typhoon Ondoy, which caused widespread damage in the Philippines in 2009, and recent events in neighboring countries such as Japan, have significantly increased Philippine consumer awareness of the need for, and benefits of, insurance. The Philippine personal accident and health insurance segment grew at a healthy rate during the review period. This growth was fuelled by the country’s rising healthcare expenditure, the increasing disposable income of much of the Philippine population, and the growing number of private hospitals in the country. As of 2011, private hospitals account for 65% of the total hospitals available in the country.

Personal Accident and Health Insurance Industry

Published: March 2012

No. of Pages: 178

Price: Single User License-US $ 1950

Corporate User License-US $ 3900

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in the Philippines:

It provides historical values for the Philippine personal accident and health insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period

It offers a detailed analysis of the key sub-segments in the Philippine personal accident and health insurance market, along with market forecasts until 2016

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions

It analyses the various distribution channels for personal accident and health insurance products in the Philippines

Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in the Philippines for the personal accident and health insurance business

It provides a detailed analysis of the reinsurance market in the Philippines and its growth prospects

It profiles the top personal accident and health insurance companies in the Philippines and outlines the key regulations affecting them

Reasons To Buy

Make strategic business decisions using top-level historic and forecast market data related to the Philippine personal accident and health insurance market and each sector within it

Understand the demand-side dynamics, key market trends and growth opportunities within the Philippine personal accident and health insurance market

Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment

Identify the growth opportunities and market dynamics within key product categories

Gain insights into key regulations governing the Philippine personal accident and health insurance market and its impact on companies and the market's future

Key Highlights

Personal accident insurance is the most popular category in the personal accident and health insurance segment due to the high frequency of typhoons in Philippines.

The low standard of the country’s public healthcare system is encouraging a substantial proportion of the population to choose private healthcare facilities, although the high cost of such facilities restricts access to the country’s middle and upper classes.

Market growth was fuelled by increasing medical expenditure and the rising disposable incomes of much of the Philippine population

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Travel and Tourism in the Philippines, Key Trends and Opportunities to 2016: Government Committed to Increased Investment and Regulatory Change to Promote Tourism Growth

Total Philippine tourist volume, which includes domestic, inbound and outbound tourists grew at a healthy rate during the review period (2007–2011). This growth can be attributed to factors such as the country’s growing economy, infrastructure improvements and government initiatives to promote the country as an attractive tourist destination. The government has simultaneously been making efforts to improve tourism infrastructure by developing the country’s air, road, rail and sea transport. With these government initiatives, the volume of inbound tourists in the country is expected to register a strong CAGR of 5.53% over the forecast period (2012–2016).

The report provides top-level market analysis, information and insights, including:

• Historic and forecast market sizes covering the entire Philippine travel industry
• Detailed analysis of tourist spending patterns in the Philippines
• Descriptions and market outlooks for various sectors in the Philippine tourist industry, such as transportation, accommodation and travel intermediaries
• Detailed market classification across each sector, with analysis using similar metrics

Philippines Travel & Tourism Market

Published: March 2012

No. of Pages: 291

Price: Single User License – US$1950              Corporate User License – US$3900

Key Highlights
• The number of inbound tourist arrivals in the Philippines reached a record level of 3.65 million in 2011, after achieving an annual growth rate of 3.6%.
• In order to capitalize on the growing opportunities in medical tourism, the Philippines has been improving its healthcare infrastructure to remain competitive and attract foreign patients.
• The number of business opportunities increased following the government’s continuous economic liberalization measures and hosting of several international business meetings.
• Medical tourism is expected to grow significantly in the Philippines during the forecast period, since the government has relaxed the criteria to obtain a visa for medical treatment in the country.

Scope
This report provides an extensive analysis of the travel and tourism market in the Philippines:
• It details historical values for the Philippine travel and tourism industry for 2007–2011, along with forecast figures for 2012–2016
• It provides top-level analysis of the overall travel and tourism market, as well as individual category values for both the 2007–2011 review period and the 2012–2016 forecast period
• The report makes a detailed analysis and projection of tourist spending in the Philippines
• The report profiles the top travel and tourism companies in the Philippines

Reasons To Buy
• Take strategic business decisions using top-level historic and forecast market data related to the Philippine travel and tourism industry and each sector within it
• Understand the demand and supply-side dynamics within the Philippine travel and tourism industry, along with key market trends and growth opportunities
• Assess the competitive landscape in the travel and tourism market in the Philippines, and formulate effective market-entry strategies
• Identify the growth opportunities and industry dynamics within the Philippine tourism industry’s key categories, including transportation, accommodation and travel intermediaries

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Travel and Tourism in Russia, Key Trends and Opportunities to 2016: Hosting of Winter Olympics Will Drive Investments In Tourism Infrastructure

Russia has the potential to become one of the global leading travel and tourism economies over the next decade. Despite the current slowdown in growth trends, Russia’s travel and tourism industry has positive long-term prospects. Over the forecast period, travel and tourism will continue to grow in importance.

The report provides top-level market analysis, information and insights, including:
• Historic and forecast market sizes covering the Russian travel and tourism industry.
• Detailed analysis of tourist spending patterns in Russia
• Description and market outlook for various sectors in the Russian travel and tourism industry such as transportation, accommodation and travel intermediaries
• Detailed market classification across each sector, with analysis using similar metrics

Russia Travel and Tourism Industry

Published: March 2012
No. of Pages: 299
Price- Single User License: US $ 1950                  Corporate User License:US $ 3900

Scope
This report provides an extensive analysis of the travel and tourism market in Russia:
• It details historical values for the Russian travel and tourism industry for 2007–2011, along with forecast figures for 2012–2016
• It provides top-level analysis of the overall travel and tourism market, as well as individual category values for both the 2007–2011 review period and the 2012–2016 forecast period
• The report makes a detailed analysis and projection of tourist spending in Russia
• The report profiles the top travel and tourism companies in Russia

Reasons To Buy
• Take strategic business decisions using top-level historic and forecast market data related to the Russian travel and tourism industry and each sector within it
• Understand the demand and supply-side dynamics within the Russian travel and tourism industry, along with key market trends and growth opportunities
• Assess the competitive landscape in the travel and tourism market in Russia and formulate effective market-entry strategies
• Identify the growth opportunities and industry dynamics within the Russia tourism industry’s key categories, including transportation, accommodation and travel intermediaries

Key Highlights
• The outlook for travel and tourism in Russia is positive due to the country’s growing economy and government initiatives to promote the country as an attractive tourist destination.
• The Russian government aims to deploy sustainable marketing resources to present the country as a high quality and safe tourist destination.
• Short holidays are becoming more popular in Russia as affluent people prefer short breaks due to their busy working lifestyles.
• The number of small private hotels and recreation centers is increasing in rural areas, especially in areas close to major cities such as Moscow, Saint Petersburg and Sochi.

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