IN a statement published in the Philippine Daily Inquirer, Insurance Commissioner Reynaldo Regalado said that insurance penetration, or the ratio of insurance premiums to gross domestic product, rose to 2.03 percent from 1.89 percent in the same period last year. Insurance density, which measures average spending on insurance per individual, increased by 12.5 percent to P1,I231.61 from P1,094.94 in the previous year.