MSIG Asia targets 15% CAGR in profit growth

The insurer also signalled that Asia-Pacific has the most growth potential.

MSIG Asia announced it aims to achieve a profit after tax growth at a compound annual growth rate (CAGR) of over 15%.

To achieve this target, MSIG hopes to focus more on digital distribution, cyber lines, and healthcare.

The insurer also signalled that Asia-Pacific has the most growth potential in the general insurance market in the next decade, with Vietnam leading at a compound annual growth rate (CAGR) of 15.4%.

Notably, MSIG sees India as one of its strongest markets by 2030. The insurer has set a JPY18b earnings target and a JPY350b gross written premiums goal.