Asia insurance market grows premiums with soft pricing trends: Aon

Japan is an exception, with challenging property and casualty conditions.

Asia’s insurance market remains competitive as abundant capacity and softer pricing create opportunities for premium growth, though conditions vary by market, according to Aon’s Q2 2025 Global Insurance Market Insights.

Double-digit price cuts are still achievable for preferred risks, with broader coverage widely available. 

Japan is an exception, with challenging property and casualty conditions and lower limits, whilst  India’s property rates are rising under a new tariff system introduced on 1 January.

Capacity is often oversubscribed as insurers expand appetite, and underwriting is generally flexible. 

Property and casualty lines remain soft in most markets, with cautious underwriting for high-risk and catastrophe-prone businesses. 

Casualty, cyber, and directors and officers insurance continue to benefit from competition, whilst automobile remains a steady growth area. 

The recent Myanmar earthquake, which killed at least 5,400 people, has highlighted the importance of catastrophe risk preparedness amid geopolitical and economic uncertainty.