Value creation in the insurance industry in the Asia Pacific expanded at a slower pace than in the Americas and EMEA in the last five years, according to a report by the Boston Consulting Group (BCG).
BCG’s “2024 Insurance Value Creators Report” also shows that within the regions, Greater China and Korea in the Asia Pacific struggled while Japan performed strongly. P&C accounts for more than 60% of value created in the Americas while multiline carriers generated more than 60% of the value increase in EMEA.
-
|
Region
|
Value creation ($ bn)
|
|
2023
Market cap + dividends paid 2019-2023
|
2018
Market cap
|
5-year CAGR
|
|
APAC
|
826
|
721
|
3%
|
|
Americas
|
1,035
|
617
|
11%
|
|
EMEA
|
793
|
506
|
9%
|
|
Total
|
2,654
|
1,843
|
7.6%
|
|
|
Difference 810 (rounded)
|
|
The total value created over the past five years amounted to $810m.By line of business, the value created was as follows:
-
|
Value Creation ($ bn) from 2019-2023 by line of business
|
|
Region
|
L&H
|
P&C
|
Multiline
|
Reinsurance
|
Total
|
|
APAC
|
73
|
38
|
-6
|
-
|
105
|
|
Americas
|
122
|
258
|
22
|
17
|
419
|
|
EMEA
|
22
|
20
|
184
|
60
|
286
|
|
Total
|
217
|
316
|
200
|
77
|
810
|