00:00The Philippine insurance industry reported robust growth for the first three quarters of 2025,
00:06with total premiums reaching P372 billion by the end of September.
00:11This according to data from the Insurance Commission.
00:14This figure represents a 13.2% increase from the same period last year,
00:19which means there are more Filipinos now who have coverage.
00:22Life insurance remained the primary growth driver, with premiums rising by 13.77% to P299.45 billion.
00:33Meanwhile, non-life insurance posted a 13.07% increase to P60.07 billion.
00:41And mutual benefit associations went up 2.86% to P12.57 billion.
00:48Insurance Commissioner Reynaldo Regalado stated this accelerating growth underscores not only the growing trust and recognition of the vital role insurance plays in economic resilience,
01:01but also the stronger awareness among Filipinos on the value of financial protection.
