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STATISTICS

In the Philippines, banks(universal, commercial), Insurance Companies(duly certified by the Insurance Commission as authorized to issued such security), and a public credit guarantee institution are the main participants assuring all types of risks in the market.

Market Update (Recent 5 Years)

The amount of guarantee supplied by insurers in the country’s local market reached approximately USD 95.3 million as of the end of 2018 with more than 50% growth year on year over the previous 5 years.