Willis Towers Watson: 2019 Asia Market Report
March 19 2019
As a result of technology enhancements and increasing political and economic uncertainty, this report outlines the urgent need for insurance buyers to go beyond traditional brokerage services, including assessment, transfer, placement and claims.
The global broker argues risk engineering should be present at all stages of the purchasing process, with data and analytics being used to inform conversations with companies to help them look beyond current risks, allowing businesses to take a more strategic approach to insurance.
The Asia Market Report was compiled from Willis Towers Watson data across its corporate risk and broking business in the Asian region. Produced annually, it highlights the key trends that are shaping the insurance marketplace across industry lines of business and looks ahead to how the market will develop in 2019.
This includes examining the following markets: P&C, marine, construction, terrorism, natural resources, aviation, financial lines and captives; in addition to several market reviews.
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QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
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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.
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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.
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Willis Re: Examining losses from 2018’s natural disasters
- January 24
Insights into the impact of an active global natural catastrophe year on economic and insured losses.
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Peak Re | From climate modelling to market opportunity: Forging a new clarity on Southeast Asia’s climate risk
Southeast Asia's protection gap: a crisis of clarity, not just capital
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BHSI WICare+ | Accelerating Payments, Empowering Recovery
Launched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Allianz General | Allianz General combines innovative protection solutions while powering social good to lead Malaysian market
The insurer proactively addresses emerging risks and evolving customer protection needs while giving back to the community.
