Asia's economic growth in recent years has been nothing short of phenomenal, and with low insurance penetration rates in many areas, there remains a considerable amount of market for insurers to tap into.
Taiwan's national reinsurer, Central Reinsurance Corporation (Central Re) was established in 1968 to promote the growth of the domestic insurance sector and remains the only domestic reinsurance company in Taiwan.
If all adults in China increased their physical activity by 20% and met at least the World Health Organisation (WHO) minimum requirements for physical activity, the country would gain $32.77bn in GDP in 2030 and a staggering $99.71bn in GDP in 2050 respectively.
Bangladesh presently generates about 3% of its total power requirement from coal, but it has plans to build 29 coal-based power plants in the next two decades, which will increase coal generated power to 35%.
The outlook for sovereign creditworthiness in 2020 is negative, reflecting the global rating agency's expectations for the fundamental conditions that will drive sovereign credit over the next 12-18 months, says Moody's Investors Service.
Total economic losses for typhoon Hagibis are expected to exceed $10bn with insured losses minimally in the billions, according to Aon's latest monthly 'Global Catastrophe Recap' report which evaluates the impact of the natural disaster events that occurred worldwide during October 2019.
The economic outlook of South Korea for the upcoming year is, in one word, 'blue'.
PFI Mega Life, PFI's joint venture with CT Corporation, announced the appointment of Samdarshi (Sam) Sumit as President Director and CEO.
The life Insurance Association, Singapore (LIA Singapore) released a set of industry results for the period January to September 2019 (YTD 3Q2019).
Swiss Re has confirmed that it is exploring buying a stake in China Pacific Insurance (CPIC). It follows media reports of a possible investment by Swiss Re in CPIC, which in turn will buy a minority stake in the Swiss reinsurer.