Factors affecting the profitability of insurance companies in the Philippines

• Main Author: Ocampo Tan, Michelle Brendy C.
• Format: text
• Published: Animo Repository 2015
• Subjects: Insurance—Philippines; Insurance—Philippines—Finance; Insurance
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/9428
• Institution: De La Salle University

The research paper tackles the factors that make select insurance companies resilient and profitable resulting to the sustainability of the Philippine insurance industry. Insurance companies manage the different risks that they are exposed to. The insurance industry have been growing in the past years. However, market penetration is not as high as the other neighboring countries. Pricing will show the competitiveness of the companies in the industry in meeting the needs of the consumers. The research will be historical and descriptive in nature. It will look into the past and present trends in the industry collated from primary and secondary sources and literatures. The results of the study will be significant to the insurance companies in terms of strategic directions to ensure sustainability; the consumers or investors in terms of selecting companies that are capable of meeting their obligations to their policyholders; and the Insurance Commission in terms of regulating and safeguarding the stability of the industry.