EY: 2017 Asia-Pacific insurance outlook
February 3 2017
The Asia-Pacific insurance market will remain in transition in 2017, as the convergence of economic, technology, customer and regulatory forces remake the regional playing field. Healthy growth and climbing income levels will continue to fuel demand for insurance products and greater innovation. Advances in digital technology and the rise of Millennials are raising customer expectations for innovative insurance products and digitally-enabled business models.
At the same time, the regulatory landscape will continue to evolve as Asia-Pacific markets tighten capital requirements, adopt the Common Reporting Standard and introduce regulations on consumer protection and cybersecurity. For many insurers, 2017 will be a year of continued change and strategic reassessment of core businesses and distribution channels. While economic growth is expected to stay robust in the region, a Trump presidency in the US may leave China and its trading partners open to shocks that could derail market performance.
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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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Peak Re | From climate modelling to market opportunity: forging a new clarity on Southeast Asia’s climate risk
With the insurance industry facing an inflection point, the new imperative is seen as becoming active creators of risk intelligence.
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
