Insurance Commission

Cuenta 02:41 PM, Sep 10, 2021

September 10, 2021

Dear Kristine T,

I refer to my letter of Sep 03, 2021 12:40:20 AM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Insurance penetration rate in the Philippines.

In order for us to work further on your request, we need more information from you regarding your query. Kindly provide a scanned copy of valid ID. You may use the reply function on the eFOI portal at https://pcoomaster11222017130000-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTQ1NzIxMjI3NDYzMgw, for request with ticket number #IC-457212274632, to respond.

During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Dec 03, 2021 06:35:18 AM, your request will be closed.

We hope to hear from you at the soonest possible time.

Thank you.

Respectfully,

John Philip Cuenta
FOI Officer

Cuenta 10:45 AM, Sep 15, 2021

September 15, 2021

Dear Kristine,

Thank you for your request dated Sep 03, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Insurance penetration rate in the Philippines.

We received your request on Sep 03, 2021 and will respond on or before Sep 24, 2021 12:40:20 AM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at http://efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTQ1NzIxMjI3NDYzMgw, for request with ticket number #IC-457212274632.

Thank you.

Respectfully,

John Philip Cuenta
FOI Officer

Espejon 10:39 AM, Sep 27, 2021

September 27, 2021

Dear Kristine T,

Greetings!

Thank you for your request dated Sep 03, 2021 12:40:20 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Insurance penetration rate in the Philippines.

Response to Request

1. Concerning data on insurance penetration rate, you may access the Insurance Commission’s Key Statistical Data published in the agency's website
(https://www.insurance.gov.ph/statistics/key-data/). However, the key data for year 2020 is not yet available, as there are still insurance companies that have yet to submit their Annual Statements.

2. For the Top 10 Insurers in the Philippines, kindly qualify the following:
    2.1. The specific parameter for the ranking as there is no single report for the performance of insurance companies but rather multiple reports based on various indicators, e.g.  asset, net worth, net income, and premiums;  and,
    2.2 Whether requested data involve life or non-life insurance companies or both.
Moreover, the Performance of Insurance Companies are also posted on the IC website for years 2014 to 2020, with the following links: for life companies, https://www.insurance.gov.ph/statistics/life/; and, non-life companies, https://www.insurance.gov.ph/statistics/non-life/.

3. The data and statistics requested on Top Insurance Products and on Demographic information of insured Filipinos are not available, as these are not part of the data required by the Insurance Commission for submission by insurance companies.

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to rr.mojica@insurance.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.

If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).

Thank you.

Respectfully,

Tranquilino Espejon
FOI Receiving Officer