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.
-
AIG’s McMurdo to join Steadfast MGA as CUO personal lines
- August 20
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
-
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.
-
WTW | A new way forward: Cutting through Asia’s coal conundrum
With power demand soaring and coal placements declining, fossil fuel plants and insurers must work in tandem to accelerate decarbonisation and ensure the region’s resilience.
-
Marsh | Closing the nat cat protection gap with effective physical climate risk mitigation
Climate modelling and risk engineering expertise can help with risk mitigation and insurance affordability.
-
Zurich | Designing result-driven embedded insurance propositions
Embedded insurance is more than just a tick in the box, it calls for a hands-on approach involving thoughtful consideration of customer value.
-
Peak Re | Unlock the potential of South-East Asia insurance markets
Multiple positive growth drivers underpin optimism about the insurance outlook of the region.