Philippine insurance industry hits P500B total premiums in 2025

MANILA, Philippines — The local insurance industry breached the half-trillion-peso mark in total premiums in 2025, signaling improved access to insurance and stronger demand for protection despite lingering economic uncertainties. Updated figures from the Insurance Commission (IC) showed that the insurance sector’s total premiums had reached P502.64 billion in 2025. This was 14.1 percent higher than