Munich Re Syndicate Singapore
Understanding demand for specialty lines in Asia: the road ahead
Understanding demand for specialty lines in Asia: the road ahead
The Asian insurance industry has shown strong resilience, despite the economic crisis brought about by the COVID-19 pandemic since the start of 2020. According to a recent Bank of Singapore article, China‘s GDP is expected to grow by 8.7% in 2021 whilst key Asian countries such as Singapore, South Korea, and Taiwan are expected to grow by an average 5%.
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1. War-risk underwriting tightens in Singapore as Gulf airspace disruptions persist 2. Rising climate losses test China’s insurance safety net 3. Income Insurance hands $2.4b real estate mandate to CapitaLand Investment 4. 4 in 5 Filipino women say caregiving role halts financial security building 5. Allianz forms 50:50 insurance joint venture with Jio FinancialResource Center
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Consumers expect real-time scam protection and personalised tools with trust gap remaining high.
