Kathmandu. As market structures and regulations evolve, the property, health and specialty insurance sectors are experiencing uneven growth across Asia. <\/p>\n
This is what Gallagher-RI’s ‘Asia Pacific Market Watch 2025’ report shows. Property insurance has become a key sector in mature markets such as Singapore. Where it accounts for more than 30% of the total premium. <\/p>\n
The property insurance sector is also dominant in countries that have been frequently affected by natural disasters, such as Australia, New Zealand, the Philippines and Vietnam. <\/p>\n
Similarly, health and personal accident insurance in Asia has become a leading sector in many fast-growing markets. It now accounts for 34% of premiums in Hong Kong, 39% in India and 30% in Vietnam. <\/p>\n
Accident insurance, with specialised areas such as cyber and director and officer (D&O) liability, is expanding to Hong Kong, Singapore and Japan. Credit insurance is the second largest business sector in Indonesia. However, the performance has been under pressure. <\/p>\n
The health and property sectors experienced the strongest growth between 2021 and 2024. However, in most markets, the size of motor insurance has decreased. <\/p>\n
After Hong Kong adopted this arrangement in July 2024, all mature Asian markets now operate under a risk-based capital (RBC) solvency framework. <\/p>\n
Regulators in emerging markets are stepping up sustainability-related compliance efforts to align more closely with standards in the region’s mature economies.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. As market structures and regulations evolve, the property, health and specialty insurance sectors are experiencing uneven growth across Asia. This is what Gallagher-RI’s ‘Asia Pacific Market Watch 2025’ report shows. Property insurance has become a key sector in mature markets such as Singapore. Where it accounts for more than 30% of the total premium. […]<\/p>\n","protected":false},"author":16,"featured_media":234292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-274445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/274445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=274445"}],"version-history":[{"count":0,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/274445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/234292"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=274445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=274445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=274445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}