Economy to drive Asia reinsurance demand
Tuesday, 08 01 2017, Category: Insurance and Reinsurance, Country: Asia
The continuing and often accelerating expansion of Asian economies, as well as the growth of their domestic insurance markets, are anticipated to be the two key drivers of reinsurance demand in the Asian region, according to Fitch Ratings.
Citing a “robust expansion” of Asian economies and their local insurance markets, Fitch Ratings expects that we will see some increasing demand for reinsurance in the region as a result of a variety of structural factors.
Reinsurance activity will be spurred on by economic activity, while other factors such as increased spending on infrastructure adding impetus, with projects likely to require insuring and so stimulating additional reinsurance demand.