With a growing middle-income group in a region boasting one of the highest saving rates in the world, consumer insurance has understandably been a key focus for many insurers in the region. We speak to five insurers about the future of Personal Lines in Asia where the low penetration rate guarantees a rosy outlook for the sector, and they say it is all about what the customers want and the need to align all activities towards this aspect.
By Gregory Taylor, AIR correspondent, Northeast Asia
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Mr Yves-Daniel Cochand from Swiss Re discusses why first party insurance covers can become a credible alternative to complex, expensive legal liability insurance systems in growth markets.
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