April, 2010
Life Insurance in Asia: New Realities and Emerging Opportunities
Chris Kaye, Kuo-Loon Loh
The global recession has hit virtually all industries in Asia—including financial services—and has altered the competitive dynamics of the life insurance sector.
Despite recovering markets, life insurers face tall challenges if they hope to achieve sustained profitability in the region.
In this paper, the authors explore the steps that multinational life insurers must take in Asia not only to survive but also to emerge as winners in the postcrisis era.
Contents:
. A Growth Trend Interrupted
. The New Realities of Life Insurance in Asia
. The Days of Easy Growth for Multinationals Are Over
. Consumers Have Become More Risk-Conscious
. Consumer Confidence and Trust in Insurance Distribution Have Erode
. Efficiency Matters as Much as Growth
. Capital Has Become a Major Source of Competitive Advantage
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