Peak Re: Emerging Asia’s life and health opportunity
March 11 2019
Across emerging Asia increasing environmental pollution, changing lifestyles and aging are leading to a rapid rise in the growth of cancer, diabetes and cardiovascular diseases. Most of these morbidity risks are uncovered and constitute the region’s single most important life and health protection gap.
As a result there is a large opportunity for insurers to provide protection in these areas.
Franz Josef Hahn, chief executive of Peak Re, commented: “The shift from savings-oriented to protection products has emerged as a key theme from the Pulse survey. ”
Life and health premiums in emerging Asia – mainly China, India, Indonesia, Malaysia, Pakistan, the Philippines, Thailand and Vietnam – are already seeing premium volumes of around US$448 billion or 17% of the value of the global insurance market.
The whitepaper examines the trends following interviews with senior executives in the respective markets.
-
SIRC: Distinct reinsurance solutions are emerging to address emerging capital strategies: Guy Carpenter
- November 4
As insurers improve their understanding of the risks they are carrying and capital productivity, structured reinsurance and alternative sources of reinsurance capital are being increasingly considered, Guy Carpenter’s Justin Ward says.
-
QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
-
Swiss Re: Nat cats and man-made disasters in 2018
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
-
Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
-
Beazley | Clean marine: How aqua-innovators can ride the energy wave
Insurance is critical to clean marine progress, but new fuels bring risks traditional policies do not fully cover, presenting market players an opportunity to build new models.
-
PartnerRe | Dementia the protection gap insurers can no longer ignore
Unlike acute illnesses, dementia creates a long tail of financial need and its impact extends well beyond patients.
-
Sedgwick | Investing in people is shaping the future of loss adjusting in Asia
Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
-
PartnerRe | Understanding ageing in APAC: why perception, planning and protection don’t always align
Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
