Milliman: Asia Rider SurveyMay 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.
- August 20
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
Underwriter Victoria Soo and Senior Risk Analyst Daryl Soh on how credit insurance helps finance infrastructure projects and other ESG investments.
Tim Collier, Regional Head of Claims at Berkshire Hathaway Specialty Insurance (BHSI), on best practices for managing, servicing and resolving claims.
Embracing AI and technology and investing in a skilled team allows Sedgwick to offer unparalleled service in an increasingly complicated world.
Windstorms and tropical cyclones pose a significant threat around the globe. How can corporates be better prepared for a storm?