News Regional21 May 2019

Asia Pacific:Region to see captive insurer growth

Captive domiciles in Asia-Pacific will thrive as the region's small and medium-sized enterprises bring about increased growth to economies, stated AM Best in a recent report. As businesses seek new and more sophisticated ways of risk management and control in growing economies, AM Best expects to see significant growth of captive formations in Asia-Pacific domiciles as Singapore, Labuan and the Federated States of Micronesia continue to stand out as established captive domiciles.

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