GlobalData
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Hong Kong’s PA&H insurance sector to reach $28.5b in 2028
This growth was driven by the increased health awareness brought by the pandemic.
Hong Kong’s PA&H insurance sector to reach $28.5b in 2028
This growth was driven by the increased health awareness brought by the pandemic.
Motor insurance segment in S. Korea to exceed $19b by 2028: GlobalData
Healthy loss ratio driven by lower claims will assist insurers in re-assessing their risk exposure.
Property insurance in China could reach $41b in 2024
The industry saw a higher demand for property insurance driven by NatCat events in 2023.
Japanese life insurers poised to surge $350b by 2028: GlobalData
The industry should increase 4.6% in 2023.
Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData
Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.
Mainland Chinese tourists fuel growth in Hong Kong’s life insurance market
The industry will grow 4.1% by 2028 due to more mainland tourists and the super aging population.
Market cap of top insurers climbs in Q4, first three months in ‘choppy’ waters
Demand for life and cyber coverage, China's reopening, and the adoption of insurtech could drive the industry forward.
Economic slowdown challenges insurance underwriting; emerging markets show promise
Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.
Australia’s general insurance sector to surge 9.1% by 2027
The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.
Taiwan’s life insurance sector will bounce back in 2024 – GlobalData
The industry is forecast to grow at a compound annual growth rate (CAGR) of 3.0% to $91.6b in 2027.
Thailand’s general insurance market to generate $11b by 2027 – GlobalData
Motor insurance accounts for 54.8% of the GWP in 2022, and is expected to grow by 5.6% in 2023.
Indonesia’s insurance M&A to reach $22b in 2027: GlobalData
The increase in MCR for insurers is expected to lead to merger and acquisition (M&A) activities.
SG accident, health insurance to see highest growth of 6.7% annually
Personal accident and health insurance are poised to witness significant growth amidst a thriving general insurance landscape in Singapore.
Bangladesh’s general insurance industry to see 8.8% CAGR in 2027: GlobalData
Its gross written premiums will reach $809m by 2027.
Singapore’s general insurance industry to hit S$7.35b in 2028
The industry will grow at a compound annual growth rate (CAGR) of 5.8%.
APAC’s liability insurance sector to exceed $61b by 2027: GlobalData
Its growth will be underpinned by robust economic development in key markets and enhanced product offerings.
SG’s property insurance to stay afloat in 2023 – GlobalData
Disciplined underwriting and well-diversified portfolios will support profitability, an analyst said.
Commentary
Market Saturation and Competition: Obstacles in Singapore's Insurance Sector