Milliman: Embedded value results, Asia ex-JapanNovember 20 2016
Asia’s economic growth in 2015 has helped fuel double-digit percentage rises in life insurance premiums in several emerging markets. Growth in EV in most markets has also been positive, although generally lower than in 2014. The further falls in certain Asian yield curves have been putting pressure on EV results, causing economic assumptions to be ‘stretched’ in some cases.
The objective of our report is to help compare and contrast the various different approaches taken to EV reporting across Asian markets and insurers. A report on 2016 Mid-Year Embedded Value results for Asia (excluding Japan) will be produced later in the year, containing commentary on the reported mid-year 2016 EV results, as well as any 2015 year-end reporting not disclosed in time for this report. We have also published a report on 2015 Embedded Value results for Europe, containing commentary on the reported EV results of European companies.
Once again, we would appreciate any feedback you have on our report content and format.
- August 20
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.
Electric ferries are increasing in popularity but there is plenty of work ahead to move away from ships using heavy diesel oil.