Global insurance trends
Less than 5% of people insured across Asia & Oceania
Microinsurance in Asia and Oceania has continued to grow at up to 40%, but more than 95% of the population remain without cover, new research has found. […]
Asia-Pacific
Global insurance trends
Lloyd’s emerging market expansion given thumbs up
The Lloyd’s insurance market’s planned expansion into emerging markets is a net positive, even though writing insurance outside of established markets carries additional risks, according to Fitch Ratings.
Fitch said it expects the economic development of emerging market economies to boost demand for insurance and reinsurance. Lloyd’s already writes 25% of its business outside of Europe and North America, with the growth of insurance premiums outpacing that of developed markets. […]