Publication:
Financial Sector Assessment Program Update : Philippines - The Insurance Sector, A Market and Risk Based Review

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2013-10-03T16:40:29Z
dc.date.available2013-10-03T16:40:29Z
dc.date.issued2010-04
dc.description.abstractThis note summarizes the conclusions of the review of the insurance sector in the Philippines as part of the Financial Sector Assessment Program (FSAP). The main objectives of the assessment are to review the performance and structure of the insurance sector in the Philippines with respect to: a) the potential exposure of the sector to vulnerabilities, either generated from the sector or in response to other circumstances outside the sector that could either be magnified or dampened by the sector; b) the potential for the sector to grow and develop, in its own context and also to contribute to the overall long term growth and development of the economy and the well-being of the Philippines people; and c) the relationship between the oversight and regulatory arrangements for the sector against international norms and best practices. In summary, the key conclusions of this analysis are: i) the financial performance of the sector has been particularly stable although the outlook is less sanguine; ii) financial vulnerabilities are present but the challenges would appear to be manageable with careful and vigilant oversight and some targeted policy measures; and iii) opportunities for growth in the sector are wide ranging.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/04/18019614/philippines-insurance-sector-market-risk-based-review-technical-note
dc.identifier.doi10.1596/16058
dc.identifier.urihttps://hdl.handle.net/10986/16058
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INSURANCE
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectACTS OF GOD
dc.subjectAGENTS
dc.subjectASSET HOLDING
dc.subjectASSET MANAGEMENT
dc.subjectASSET PRICE
dc.subjectASSETS
dc.subjectASSURANCE
dc.subjectBANK DEPOSITS
dc.subjectBANKING LAW
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTORS
dc.subjectBANKING SERVICES
dc.subjectBODILY INJURY
dc.subjectBONDS
dc.subjectBOOK VALUE
dc.subjectBOOK VALUES
dc.subjectBORROWER
dc.subjectBROKER
dc.subjectBROKERS
dc.subjectBUSINESS INVESTMENTS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITALIZATION
dc.subjectCASH FLOWS
dc.subjectCATASTROPHES
dc.subjectCATASTROPHIC RISKS
dc.subjectCLIENT BASE
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMISSIONS
dc.subjectCOMMON STOCKS
dc.subjectCOMPENSATION
dc.subjectCONSUMER PROTECTION
dc.subjectCONVENTIONAL INSURANCE
dc.subjectCOOPERATIVE BANKS
dc.subjectCOUNTRY TO COUNTRY
dc.subjectCOVERAGE
dc.subjectCREDIBILITY
dc.subjectCREDIT PROVIDERS
dc.subjectCROP INSURANCE
dc.subjectDEBENTURES
dc.subjectDEPOSITS
dc.subjectDISCOUNT RATE
dc.subjectDISPOSABLE INCOME
dc.subjectEARNED PREMIUM
dc.subjectEQUIPMENT
dc.subjectEQUITIES
dc.subjectEXPENSE RATIOS
dc.subjectEXPOSURE
dc.subjectEXPOSURES
dc.subjectFACULTATIVE REINSURANCE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STRESSES
dc.subjectFINANCIAL SUPPORT
dc.subjectFIRE INSURANCE
dc.subjectFIXED INTEREST
dc.subjectFOREIGN EQUITY
dc.subjectFOREIGN INSURER
dc.subjectFOREIGN INSURERS
dc.subjectFOREIGN OWNERSHIP
dc.subjectGENERAL INSURANCE
dc.subjectGOVERNMENT REGULATIONS
dc.subjectGOVERNMENT SECURITIES
dc.subjectGRACE PERIOD
dc.subjectGUARANTEE FUND
dc.subjectHARMONIZATION
dc.subjectHEALTH CARE
dc.subjectHEALTH INSURANCE
dc.subjectHOLDING
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINDEMNITY
dc.subjectINFORMAL INSURANCE
dc.subjectINFORMAL PROVIDERS
dc.subjectINSPECTIONS
dc.subjectINSTITUTIONAL INVESTOR
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE ACTIVITIES
dc.subjectINSURANCE BROKER
dc.subjectINSURANCE BROKERS
dc.subjectINSURANCE CLAIMS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE COMPANY INVESTMENTS
dc.subjectINSURANCE CORPORATION
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE LAW
dc.subjectINSURANCE LICENSES
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE RATES
dc.subjectINSURANCE SUPERVISORS
dc.subjectINSURANCE SYSTEM
dc.subjectINSURANCES
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT MARKETS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT OPTIONS
dc.subjectINVESTMENT PORTFOLIO
dc.subjectINVESTMENT PROCESSES
dc.subjectINVESTMENT PRODUCTS
dc.subjectINVESTMENT RATES
dc.subjectIPO
dc.subjectISSUANCE
dc.subjectJURISDICTION
dc.subjectLAWS
dc.subjectLEGAL PROTECTIONS
dc.subjectLIABILITY
dc.subjectLIABILITY INSURANCE
dc.subjectLIBERALIZATION
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIFE INSURANCE PREMIUM
dc.subjectLIFE INSURANCE PRODUCT
dc.subjectLIFE INSURANCE PRODUCTS
dc.subjectLIFE INSURANCES
dc.subjectLIFE INSURERS
dc.subjectLIQUIDITY
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL MARKET
dc.subjectMARKET EXPANSION
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PORTFOLIO
dc.subjectMARKET SECURITIES
dc.subjectMARKET SHARES
dc.subjectMARKET SIZE
dc.subjectMARKET VALUE
dc.subjectMARKET VOLATILITY
dc.subjectMICRO FINANCE
dc.subjectMICRO FINANCE INSTITUTIONS
dc.subjectMICRO INSURANCE
dc.subjectMICRO-INSURANCE
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROINSURANCE
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY FUND
dc.subjectMORTGAGE
dc.subjectMOTOR INSURANCE
dc.subjectMUTUAL FUNDS
dc.subjectMUTUAL INSURANCE COMPANIES
dc.subjectNON LIFE INSURANCE
dc.subjectNON-LIFE INSURANCE
dc.subjectPAR VALUE
dc.subjectPAYMENT SYSTEM
dc.subjectPAYMENT SYSTEMS
dc.subjectPENSION
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPRICE COMPETITION
dc.subjectPRICE VOLATILITY
dc.subjectPRICE WARS
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE MARKET
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROGRAMS
dc.subjectPROPERTY INSURANCE
dc.subjectPROVISIONING RULES
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectRATE OF GROWTH
dc.subjectRATES OF RETURN
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE MORTGAGES
dc.subjectRECOVERABLES
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY REQUIREMENT
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREGULATORY RESTRICTIONS
dc.subjectREGULATORY SYSTEM
dc.subjectREINSURANCE
dc.subjectREINSURANCE COMPANIES
dc.subjectREINSURANCE PREMIUMS
dc.subjectREINSURANCE TRANSACTIONS
dc.subjectREINSURERS
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectREPUTATION
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK FACTORS
dc.subjectRISK POOLING
dc.subjectRISK SHARING
dc.subjectRURAL BANKS
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSEPARATE ASSET
dc.subjectSETTLEMENT
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS
dc.subjectSOCIAL SECURITY
dc.subjectSOLVENCY
dc.subjectSTOCKS
dc.subjectSUPERVISORY REGIME
dc.subjectSURETY
dc.subjectTAX
dc.subjectTAX REGIME
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRACK RECORD
dc.subjectTRANSACTION
dc.subjectTREATIES
dc.subjectTREATY
dc.subjectTRUSTEES
dc.subjectTURNOVER
dc.subjectUNDERINSURANCE
dc.subjectUNDERWRITING
dc.subjectVALUATION
dc.subjectVALUATION STANDARDS
dc.subjectWORKERS COMPENSATION
dc.titleFinancial Sector Assessment Program Update : Philippines - The Insurance Sector, A Market and Risk Based Reviewen
dspace.entity.typePublication
okr.date.disclosure2013-07-18
okr.date.doiregistration2025-05-07T09:47:18.960162Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2010/04/18019614/philippines-insurance-sector-market-risk-based-review-technical-note
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid745991468144883232
okr.identifier.externaldocumentum000333037_20130718143603
okr.identifier.internaldocumentum18019614
okr.identifier.report79233
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/18/000333037_20130718143603/Rendered/PDF/792330WP0Phili0Box0377370B00Public0.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPhilippines
okr.sectorFinance :: General finance sector
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicLaw and Development::Insurance Law
okr.topicInsurance and Risk Mitigation
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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