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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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.
