• Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png

Life insurance premiums in APac will grow in 2023: GlobalData

According to Global data, the written premiums will grow due to the aging population in the Asia-Pacific region along with growing middle class and its disposable income. It is set to arise from $1.2 trillion in 2019 to $1.5 trillion in 2023.

Insurance Analyst at Global data, Pratyush Mehra says that several countries are gradually recovering from the post disruption due to COVID because of the lifting of the lockdown. Singapore recovers positively in its economic activity from Q3 2020 aided in recovery in demand for its life insurance products. In Hong Kong, long term premium policies increased by 5.1 percent during the three quarters of 2020.

YOU MAY ALSO LIKE

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Tesla’s Robotaxi Gamble in Austin Puts Future of Autonomous Vehicles to the Test

Other than insurance sector, technology advancements also has gained more prominence. There is huge shift of insurers to digital platforms due to Covid social regulations.

A virtual face-to-face agency sales platform for insurance products also was launched in Hong Kong in June 2020.

Merger and Acquisition activities are to be picking up their pace in 2021 with activities in the reinsurance markets of Asia Pacific says Joyce Chan, Partner of Clyde & co Hong Kong. Investors will be bouncing back at a much faster rate to Asia Pacific compared to other regions.

Tags: DigitalInsuranceTechnology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Traditional Banking Meets Digital Assets: BBVA’s Bold Foray into Cryptocurrency Advisory

Traditional Banking Meets Digital Assets: BBVA’s Bold Foray into Cryptocurrency Advisory

Ireland Moves to Conclude AIB Stake Sale, Marking Final Chapter in Banking Bailout Era

Ireland Moves to Conclude AIB Stake Sale, Marking Final Chapter in Banking Bailout Era

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Traditional Banking Meets Digital Assets: BBVA’s Bold Foray into Cryptocurrency Advisory

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Leadership report
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.