I’m quite surprised to know that as of 2010, there are only 3.3M active policies in the entire Philippines. Take note, these are policies, not individuals – as certain people could own multiple policies.
And even if we assume all of these policies belong to distinct people, it would still lead to a lowly 3% of the entire Philippine population today.
I guess there’s still a lot of fish in the ocean for insurance agents. 🙂
I personally hold a Philippine AXA and an Insular Life insurance policy. So this table is a definite confidence booster! 🙂
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