Future of insurance is in personal lines: Rosy outlook
Source: Asia Insurance Review | Dec 2014
The future of Personal Lines in Asia is assured, said five insurers we polled. The region has a growing middle-income population, one of the highest saving rates in the world and low penetration rates – all the right ingredients for the growth of consumer insurance. But the competition is keen as insurers jostle to increase their business in this sector where customer is king. So a key success factor would be to deliver what customers want.