Milliman: Asia Rider Survey
May 10 2015
In November 2014, Milliman conducted an online survey of life insurance executives to gauge their views on the current and future rider landscape in Asia. We received 139 responses and would like to express our sincere thanks to those who took the time to participate in the survey.
The survey participants represent a diverse range of markets at different states of maturity, and cover companies with different ownership structures, as seen in the two charts.
Both emerging markets and mature markets are well represented in the survey, with the most responses coming from Indonesia, China and Hong Kong, respectively. The size of the bubble is proportional to the number of respondents by country.
We received a mix of responses from local domestic insurers and European, North American and Asia-based multinationals/joint ventures.
The results of the survey are shown below, together with commentary on the key findings. We then follow with some considerations for achieving a sustainable rider growth strategy and concluding remarks.
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QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
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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.
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Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
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Peak Re: Emerging Asia’s life and health opportunity
- March 11
Life and health premium growth is expected to outpace GDP gains in eight Asian markets.
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Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
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Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
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Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
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WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
