Value of coronavirus-related insurance claims Philippines 2020-2021

Published by C. Balita, Aug 28, 2023
Between January and September 2021, about 8.23 billion Philippine pesos worth of insurance claims related to COVID-19 were paid by insurance companies in the Philippines. This was more than double the total amount of coronavirus-related payouts in 2020. Nearly half of those claims were paid by life insurance companies.

Total value of insurance claims related to COVID-19 in the Philippines in 2020 and 2021 (in billion Philippine pesos)

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Release date

February 2022

Region

Philippines

Survey time period

2020 to 2021

Supplementary notes

*January to September.
One Philippine peso is equal to 0.019 U.S. dollars and 0.017 euros as of March 2022.

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