Marsh: Asia Insurance Market Report 2016
March 21 2016
As part of our Commitment to keeping you informed, Marsh is pleased to present you with the Asia Insurance Market Report 2016. The report is a snapshot of current market conditions and risk trends across major lines of coverage in countries throughout the region; it also reflects the experience of Marsh insurance professionals who work daily with the global insurance marketplace and provide clients with risk management advice.
With 2016 under way, the global insurance marketplace appears to be heading in the general direction of soft pricing, reflecting insurer capacity, competition, and relatively low catastrophe losses. At the same time, our industry will continue to be affected by macro-dynamics, including global, political, regulatory, technical, and environmental developments.
In addition, the insurance industry is also experiencing some significant developments that bear watching throughout 2016, including:
- Large scale mergers and acquisitions
- Executive leadership changes
- A reduction in and changes in underwriting appetite at several companies
- Some insurers’ disposition of unprofitable segments
- Recent announcements regarding potential and actual reinsurance underwriting
These developments may ultimately produce positive outcome, such as a prolonged healthy, competitive market with higher levels of innovation, new product offerings, and improved service.
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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.
