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The Philippines' insurance industry surpassed 500 billion pesos in premiums for the first time in 2025, driven by growing public awareness and participation.
The Philippine insurance industry hit a milestone in 2025, with total premiums exceeding 500 billion pesos (about $8.4 billion), the first time the threshold has been surpassed, according to the Department of Finance.
Finance Secretary Frederick Go credited the growth to rising public awareness and increased participation by families and businesses in using insurance for financial protection.
The Insurance Commission reported the sector’s total assets reached 2.66 trillion pesos ($45 billion) by year-end, reflecting expanded scale and stability in the industry.
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La industria de seguros de Filipinas superó los 500 mil millones de pesos en primas por primera vez en 2025, impulsada por la creciente concienciación y participación pública.