Milliman – 2017 Embedded value results: Asia (ex-Japan)
September 19 2018
Asia’s economic growth remained strong in 2017, helping several of the region’s emerging markets post double-digit percentage rises in life insurance gross written premiums for the year. However, the overall region’s life insurance premium income fell slightly, mainly because of a reduction in the sale of short-medium term universal life business in China due to changes in regulations. Growth in EV was a positive across almost all markets. New business margins continued to increase in most markets, especially from those insurers that have successfully reoriented their product strategies from savings to protection business. EV growth across the region ranged from 10% to 28%.
Our report compares and contrasts the various different approached taken to EV reporting across Asian markets and insurers. A further report containing commentary on the reported mid-year 2018 EV results, as well as any 2017 year-end reporting not disclosed in time for this report, will be produced later in the year. A report on shareholder value reporting in Europe will be available in September 2018.
Once again we would appreciate any feedback you have on our report content and format.
Best regards,
Paul Sinnott
Michael Daly
Richard Holloway
Wing Wong
Chihong An
-
SIRC: Distinct reinsurance solutions are emerging to address emerging capital strategies: Guy Carpenter
- November 4
As insurers improve their understanding of the risks they are carrying and capital productivity, structured reinsurance and alternative sources of reinsurance capital are being increasingly considered, Guy Carpenter’s Justin Ward says.
-
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.
-
Sedgwick | Investing in people is shaping the future of loss adjusting in Asia
Sedgwick Asia says it is ready to meet the evolving challenges of Asia’s dynamic insurance markets.
-
PartnerRe | Understanding ageing in APAC: why perception, planning and protection don’t always align
Ageing is shaping finances, family dynamics and insurance needs of the caregiving ecosystem, but current product propositions and underwriting frameworks are not keeping pace with protection needs, finds PartnerRe survey.
-
BHSI | D&O in Asia in 2026: navigating geopolitics, insolvencies, and digital crackdowns without breaking the bank
A soft market presents organisations with opportunities to strengthen resilience, although the abundance of capacity is unlikely to persist.
-
QBE | Elevating customer experience, humanising claims: QBE Asia’s ‘Solutions in a Box’
Vastly improving turnaround times and personalising service delivery, QBE Asia’s award-winning, end-to-end bundled claims solutions is a game-changer for the insurance industry.
