Optimism for profit and growth in 2015
Source: Asia Insurance Review | Feb 2015
Overseas expansion remains high on both life and non-life insurers’ agenda as they seek growth in emerging markets in 2015. The regulator, the Financial Services Agency (FSA), is supportive of this strategy and has laid out risk management and enhancement of management and governance requirements.
There is optimism not only for growth but also profit this year as the insurers build on their good results in 2014. Improved motor insurance results and a relatively benign year in terms of natural catastrophes have meant that FY2013 and first half of FY2014 were good years for non-life insurers. For life insurers, they are improving their profitability with better investment strategies.