Microinsurance Market in the Philippines 2016-2020
About Micro-Insurance Products
Micro-insurance products are coverage policies targeted at households with low income levels. Micro-insurance plans provide tailored insurance coverage policies for individuals with little or low saving plans. Such policies provide lower value assets and compensation for injury, illness, or death to an individual than in other insurance policies. Micro-insurance companies assist poor families by offering customized insurance plans to meet the specific needs of the customers. The value of the coverage policy is lower compared to other insurance plans because of which the policyholder pays smaller premiums to the insurance company than in the case of a usual plan. The micro-insurance market is stronger in developing countries which offer high growth opportunities for the insurance industry.
Technavio's analysts forecast the micro-insurance market in
Covered in this report
The report covers the present scenario and the growth prospects of the micro-insurance market in
Technavio's report, Micro-Insurance Market in
Key vendors
- AIG Philippines
- Asian Life and General Assurance
- CARD Pioneer
- CLIMBS Life
Other prominent vendors
- AFP General lnsurance
- PNB MetLife
- xMicroEnsure
Market driver
- Encouraging regulatory environment
- For a full, detailed list, view our report
Market challenge
- Lack of trained staff to explain insurance products to the poor
- For a full, detailed list, view our report
Market trend
- Increase in financial inclusion programs
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Methodology
Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Read the full report: http://www.reportlinker.com/p04153876-summary/view-report.html
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/microinsurance-market-in-the-philippines-2016-2020-300331355.html
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