Much hope was pinned on Asia as it posted record growths following the turn of the century. But has the region lost its lustre since the slowdown in its markets in recent years? Not really, say consultants in the region. Asia remains the darling of growth for global players seeking opportunities outside their home markets - and will remain so for at least the medium term.
By Manuelita Contreras
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Premium income in the Asia-Pacific region will virtually double to EUR925 billion by 2020, with almost half of the growth in primary insurance coming from this region. Munich Re's Dr Michael Menhart looks at the opportunities the region will offer over the next few years and highlights some of the challenges the industry may face, while Mr Bernd Kohn gives his views on how this development will affect the reinsurance industry.
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