PH insurance penetration inched up to 1.96% in Q2

Insurance Commission

MANILA, Philippines — The Philippines’ insurance penetration posted a modest increase in the second quarter amid robust demand for life insurance products, which drove growth in overall premium collections.

Latest data from the Insurance Commission (IC) showed that insurance penetration—the ratio of insurance premiums to gross domestic product—rose to 1.96 percent in the second quarter of 2026 from 1.79 percent in the same period last year.

READ: Insurance penetration hit 2% goal in first quarter

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