This report provides an in-depth overview of the insurance sector in the Asia Pacific and the opportunities for M&A as we move into a post-Covid landscape.
The region has a population of more than 4 billion and is the fastest growing insurance market globally, with emerging markets in particular expected to see higher growth in the coming years. The Asia Pacific insurance environment is also continuing to evolve as the pandemic has exposed gaps in healthcare provision, encouraging new customers to purchase more healthcare coverage, and driving a shift from investment to protection products.
At the same time, a number of jurisdictions across Asia Pacific have been opening up to foreign investment in recent years, creating more opportunities for M&A going forward.
Insurers in Asia Pacific are adapting to a new era, with disruption driven by the COVID-19 pandemic along with rapid changes in regulations, accounting standards and customer expectations, against a backdrop of geopolitical and economic uncertainty. Despite these challenges Asia remains one of the most attractive insurance markets in the world, and we expect to see continued strong deal activity and consolidation.
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