Milliman: 2017 Mid-Year Embedded Value Results: Asia (excl. Japan)
December 13 2017
We are pleased to present our Asian embedded value mid-year 2017 update. This report supplements the “2016 Embedded Value Results: Asia (excl. Japan)” report, which was released in August 2017, and provides a summary of the mid-year 2017 embedded value results disclosed by Asian insurers. An update of the India section of our full-year report is also included to incorporate results that emerged more recently as a result of the market’s March financial year-end.
Growth in life insurance premiums continues to be on the rise for several emerging markets. Most companies in the region have reported steady growth in embedded values in the first half of the year, somewhat higher than what was seen in the first half of last year. Many Asian markets continue to see strong double-digit growth in new business values. With a view to improving new business margins, insurers have been proactively refining their product strategies, typically focusing more on protection business, while also improving the productivity levels of their distribution channels. Equity markets are on the rise and bond yields increased in most markets, providing favourable economic conditions for companies to grow
-
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.
-
Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The carrier proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
-
Sedgwick | Asia’s Energy Transformation – Balancing Growth, Risk and Renewables
Energy market presents unique risks, especially in a region which includes China and Japan as well as developing nations like Vietnam and the Philippines.
-
Beazley | Turbulent Waters: the maritime energy transition challenge
Businesses are facing a complex transition to non-carbon energy sources amid a push to achieve net-zero emissions for the marine sector by 2050.
-
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’.
