Market Research on Affordable Health and Benefits Insurance Tender

• Country: Philippines
• Summary: Market Research on Affordable Health and Benefits Insurance in Philippines
• PHT Ref No: 142224894
• Deadline: 03 Jun 2026
• Financier: World Bank (WB)
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.: 0002022341
• Purchaser's Detail:
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• Description:
• IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For additional information, visit www.ifc.org. High out-of-pocket healthcare expenses continue to create financial vulnerability globally, pushing an estimated 100 Mn people into extreme poverty each year. In emerging markets like Philippines, over 50% of healthcare costs are paid directly by households, exposing them to significant financial risk, even with near-universal PhilHealth coverage. Salaried households, despite steady incomes, remain vulnerable to medical cost shocks that can erode savings, increase indebtedness, and undermine workforce productivity, particularly among low- to middle-income (LMI) workers. While large corporations often provide comprehensive group health plans, many salaried workers (especially those in small and mid-sized enterprises (SMEs)) have limited or no coverage beyond statutory requirements, leaving them vulnerable to health-related financial shocks. This underinsurance is reflected in a widening global health protection gap. Swiss Re estimates this gap grew by 5.4% in 2023 to approximately USD 941 Bn, highlighting a growing mismatch between healthcare protection needs and existing insurance coverage, particularly in emerging markets. Addressing key demand‑ and supply‑side constraints is critical to unlocking a scalable insurance market that balances affordability for LMI salaried workers with commercial sustainability for insurers. Well-designed, affordable group plans can complement public systems such as P...
• Documents:

 Tender Notice

TOR_Market-Research-on-Affordable-Health-and-Benefits-Insurance-in-Philippines_05272026.pdf