Asia Pacific

Highlights

• 21 Feb 2013
  • Stable outlook for Korea's life insurance industry
    Korea's stable economic growth and inflation will support steady demand for life insurance products. Total premiums are expected to grow 6.0%-6.5% in the next 12-18 months and insurers will benefit from their focus on specific sectors, such as retirement pension and medical insurance products. These are sectors where demand is likely to be strong, owing to Korea's aging population... Press Release l Full Report​​
• 23 May 2012
  • Stable outlook for China's P&C insurance sector
    Despite the likely increase in competition and the upcoming liberalization of premium rates, insurers will continue to exercise prudence in underwriting by maintaining an adequate level of risk premiums and managing their expenses to ensure profitability. Accordingly, they will be able to support a solid level of capital adequacy... Press Release l Full Report
• 30 Nov 2011
  • Foreign insurers in China face opportunities and challenges
    Foreign insurers in China still suffer from low market shares and profitability, despite significant growth opportunities. Recent withdrawals by some suggest that China’s attractive premiums market is losing some of its appeal. The issuers are grappling with significant regulatory hurdles, rising operating costs, a lack of brand recognition, and difficulties in gaining access to distribution channels... Full Report l Press Release