Milliman: 2016 Embedded Value Results: Asia (excl. Japan)
August 10 2017
Welcome and thank you for taking the time to read the latest edition of Milliman’s Asian embedded value (EV) report.
Asia’s economic growth remained strong in 2016, helping several emerging markets post double-digit percentage rises in life insurance premiums for the year. Growth in EV was also positive across almost all markets. Low interest rates continue to affect margins in some countries, however, although recent interest rate increases in the US are likely to lead to improvements in the future if the widely expected rate rise cycle continues to unfold.
Our report compares and contrasts the various different approaches taken to EV reporting across Asian markets and insurers. A further report containing commentary on the reported mid-year 2017 EV results, as well as any 2016 year-end reporting not disclosed in time for this report, will be produced later in the year. We have also published a report covering the 2016 reported EV results of European companies.
-
QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
-
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.
-
Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
-
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.
-
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’.
-
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.
-
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.
-
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.
