Insurance Commission

Browse over 1462 requests from this government agency

Go Back

  • REQUEST SUBMITTED

    You have submitted an FOI request

    Date: 2020-01-24 15:24:42.673344

  • PROCESSING REQUEST

    Your request is already in review

    Date: 2020-01-27 11:25:24.325782

  • REQUEST SUCCESSFUL

    Your request was successful

    Date: 2020-02-13 09:21:01.899358

  • 4

    RATE YOUR REQUEST

    How was your request?

Low Non-Life Insurance Market Share

Requested from IC by P. Brucelo at 03:24 PM on Jan 24, 2020.
Purpose: Research Paper
Date of Coverage: 01/01/2019 - 01/01/2020
Tracking no: #IC-589709408647

Brucelo 03:24 PM, Jan 24, 2020 

HI,

May I know the reasons and how may percent it is, why there is low market penetration in non-life insurance?

Thank you.

Ignacio 11:25 AM, Jan 27, 2020 

Jan 27, 2020

Dear Phoenyx Brucelo,

Thank you for your request dated Jan 24, 2020 03:24:42 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Low Non-Life Insurance Market Share.

We received your request on Jan 24, 2020 03:24:42 PM and will respond on or before Feb 14, 2020 03:24:42 PM, 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 https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTU4OTcwOTQwODY0Nww, for request with ticket number #IC-589709408647.

Thank you.

Respectfully,

Edmar Ignacio
FOI Officer

Mojica 09:21 AM, Feb 13, 2020 

February 13, 2020

Dear MS. Phoenyx Brucelo,

Greetings!

Thank you for your request dated Jan 24, 2020 03:24 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

You asked for reasons why there is low market penetration in non-life insurance and how many percent it is.

We understand that in a telephone call with the Statistics and Research Division you were provided initial discussions about the implications of your inquiry. On market penetration rate for the non-life insurance, data is not available. However, the rate is computed as the number of insurance lives for life companies and mutual benefit associations over population x 100. Moreover, you were likewise advised that it would be better to come over to the IC office for further clarifications on available data you may be able to obtain for purposes of research.

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,
Revelyn R. Mojica

Is this request offensive?

Requests for personal information and vexatious requests are not considered valid requests for Official Information.

If you believe this request is not suitable, you can report it for attention by the site administrators.