The Philippines travel Insurance market was valued at USD 96.63 Million in 2024. The market is expected to grow at a CAGR of 19.80% during the forecast period of 2025-2034 to reach a value of USD 588.41 Million by 2034.

The Philippines travel Insurance market is witnessing a notable shift, moving beyond traditional coverage models toward data-driven, modular policies tailored for evolving traveller preferences. As international and domestic tourism rebound post-pandemic, there is an increasing demand for insurance products that reflect modern travel risks, ranging from health emergencies to cyber threats and trip cancellations. According to the Department of Tourism, international arrivals reached over 5.4 million in 2023, a strong rebound that is encouraging insurers to partner with airlines and OTAs (Online Travel Agencies) to offer embedded insurance solutions. Moreover, the Philippine Insurers and Reinsurers Association (PIRA) has been actively collaborating with the Insurance Commission to draft digital-first regulatory frameworks.

Moreover, the launch of AI-powered microinsurance platforms in collaboration with local fintech players like UBX and GCash, allowing real-time underwriting for low-premium policies, has been one standout development in the Philippines travel Insurance market. These systems use behavioural data and risk modelling to customise premiums. Start-ups are also deploying blockchain to fast-track claims processing, especially for flight delays or baggage loss.

Furthermore, the ASEAN Travel Corridor Arrangement Framework, designed to ease business and essential travel across Southeast Asia is reshaping the Philippines travel insurance market dynamics. By promoting greater regional mobility, it is driving demand for cross-border coverage and tailored insurance products. This, combined with the rise in overseas Filipino workers (OFWs), reaching over 2.16 million in 2023, has created steady demand for outbound insurance with broader medical and legal coverage. Insurers like Sun Life and Paramount Life now offer tailored policies for OFWs, including coverage for job loss and health emergencies.

In Philippines Travel Insurance Market, The market is influenced by the increasing complexity of travel arrangements and the growing need for financial protection against unexpected disruptions.

The Philippines health insurance market was valued at USD 2.65 Billion in 2024, driven by surging medical inflation and healthcare costs across the region. The market is anticipated to grow at a CAGR of 7.40% during the forecast period of 2025-2034, with the values likely to reach USD 5.41 Billion by 2034.

Key Market Trends and Insights

• Adults in the demographics segment are expected to witness a CAGR of 8.1% in the forecast period due to higher enrollment in both individual and employer-linked plans.
• Online in the mode segment is expected to lead the forecast period as digital access and mobile usage continue to rise.
• Corporates in the end user segment held a strong share in the historical period.

Market Size and Forecast

• Market Size (2024): USD 2.65 Billion
• Projected Market Size (2034): USD 5.41 Billion
• CAGR (2025-2034): 7.40%

The statistic presents the value of gross premiums written by accident and health insurance companies in Philippines from 2009 to 2012 and a forecast thereof until 2025. The value of accident and health insurance sector in Philippines amounted to approximately ****** million U.S. dollars in 2012 and it was projected to grow to approximately ******** million U.S. dollars in 2025.

The philippines private health insurance market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

In Philippines Health Insurance Market, was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029, registering a Compound Annual Growth Rate (CAGR) of 8.65% during the forecast period.

Comprehensive dataset of 25 Health insurance agencies in Cebu, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

According to a survey among Filipino adults conducted between ************* and ************, ** percent of respondents considered buying health insurance, while ** percent were interested in life protection insurance. The same survey revealed that positive feedback from family and friends were among the leading motivations for buying an insurance policy.

Comprehensive dataset of 4 Health insurance agencies in Cotabato, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2024, Maxicare Healthcare Corporation was the leading health maintenance organization (HMO) in the Philippines, with revenues amounting to approximately ** billion Philippine pesos. HMOs are private healthcare providers that most employees are entitled to as part of the benefit package from their employers.

This report covers Health Care Industry Analysis, Health Care Industry Research and Market Reports, Health Care Industry Research Report.

Revenue from medical tourism in Malaysia has been evaluated at US$ 1.92 billion in 2024. The Malaysian market has been projected to register a CAGR of 14.6% and reach a value of US$ 7.54 billion by 2034.

Report Attributes	Details
Medical Tourism Revenue in Malaysia (2024E)	US$ 1.92 Billion
Forecasted Sales (2034F)	US$ 7.54 Billion
Demand Growth (2024 to 2034)	14.6% CAGR
Orthopedic Treatment Sales (2024E)	US$ 445.9 Million
Wellness Service Demand Growth (2024 to 2034)	13.4% CAGR
Key Companies Profiled	KPJ Healthcare Berhad LohGuanLye Specialists Centre Mahkota Medical Centre Dentalpro Group Sunway Medical Centre Prince Court Medical Centre Island Hospital

Category-wise Analysis

Attribute	Oncology
Segment Value (2024E)	US$ 489.2 Million
Growth Rate (2024 to 2034)	16.5% CAGR
Projected Value (2034F)	US$ 2.24 Billion

Attribute	Men
Segment Value (2024E)	US$ 1.18 Billion
Growth Rate (2024 to 2034)	14.8% CAGR
Projected Value (2034F)	US$ 4.70 Billion

As of December 31, 2024, private employees accounted for ** percent of the total registered members of the Philippine Health Insurance Corporation or PhilHealth. Private employees cover half of their premium membership payments, while their employers pay the remaining half. Under the Universal Health Care Act, all Filipinos are automatically enrolled as a PhilHealth member. The membership covers free medical consultation and lab fees.