Read the latest edition of AIR and MEIR as an Interactive e-book

Dec 2022

The insurance world in 2023

Understanding emerging risks

We expect the challenging market environment, defined by economic volatility, the war in Ukraine and geopolitical crisis, heightened cyber risks as well as natural catastrophes such as floods in Australia and the Philippines, to persist into 2023.

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Sustainable business growth for life insurers

In the APAC region, the insurance industry has seen an increase in demand for insurance products as individuals rethink their health and financial plans amid growing health-related concerns and financial vulnerability. 

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A focus on health

Currently we are seeing a somewhat mixed economic sentiment for 2023 given concerns over inflation and rising interest rates.

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Healthcare in a post-COVID environment

Asia Pacific is a diverse region, with each market facing its own unique healthcare challenges.

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Trends to watch in life and health

It is no surprise that COVID changed many people’s lives, accelerating a more digital environment. Business models needed to adapt quickly. Consumers’ purchase behaviours have changed for good.

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Heightened risk environment will continue

Looking forward, the expectation is that throughout 2023 and into 2024, we will continue to operate in a heightened risk environment.

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Climate change, ESG and cyber

Over half of the world’s population resides in Asia Pacific, a dynamic, ever-changing region that is culturally rich and demographically diverse.

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Complex risk landscape makes prediction hard

Mark Twain said that “prediction is difficult – particularly when it involves the future” and this truism is weighing heavily on our industry and our customers as we consider what 2023 will bring.

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