PSIC 2019 · Group

Insurance

This group covers life insurance, including policies with or without a significant savings component, as well as other types of non-life insurance.

Includes

life insurance
life insurance with a substantial savings element
other non-life insurance

Classes2

Browse the classes within this group.

Details

Level: Group
Section: K Financial And Insurance Activities
Parent: 65

Sector statistics

Employed persons: 618.4K persons(May 2026)

Whole PSIC section K (not specific to this code). Source: PSA Labor Force Survey, May 2026.

Industry size

Establishments: 1,830(2022)
Employment: 24,383 persons(2022)
Revenue: ~₱466.8B(2022)

Whole PSIC group 651. Source: PSA OpenStat, Annual Survey of Philippine Business and Industry (ASPBI), 2022. Revenue figures are approximate.

Guides from Emerhub

Set up in the Philippines

Emerhub runs the SEC and BIR filings for a foreign-owned corporation, a local corporation with structured control, employer of record, or product holding, whichever fits PSIC 651.