Life Insurance Industry Outlook in Asia-Pacific in 2022
Published: 23 November 2022Code: GDRC11232022
GlobalData’s ‘Life Insurance Market in Asia-Pacific’ report provides a comprehensive overview of the Asia-Pacific Life Insurance sector.
This report provides the market size of the Life Insurance sector in the Asia-Pacific region. The region is expected to grow at a CAGR of 5.5% over the forecast period of 2021-2026.
China was the market leader accounting for 34.8% of the region’s life insurance premiums in 2021. Japan recorded the highest claims in the region in the same year. The report provides details on the market size of life insurance premiums for the 20 largest markets in the Asia-Pacific region along with their claims.
COVID-19 pandemic had a significant effect on the life insurance market of the APAC region, driving growth in certain countries such as China while slowing expansion of the market in others such as Australia. The report provides insight into key trends, technology developments, and further areas of development in the life insurance sector.
The report provides a comparative analysis of leading insurers in the region.
The report throws light on the regulatory requirements in the region including licensing rules, capital requirements, taxation regime, and ownership quotas.
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