Asia's Q2 Insurance Pricing Remains Stable
Overview
According to recent reports, insurance pricing in Asia remained relatively flat during the second quarter (Q2) of 2024. Overall capacity was deemed sufficient, although certain challenges persisted in areas such as property and flood risks.
Key Findings
- Overall insurance pricing stayed flat in Asia for Q2.
- Singapore's life insurance sector witnessed a remarkable surge of 304% in weighted new business premiums during the first half of 2024.
- Singaporean insurers maintained generally flat pricing amid mixed industry trends.
- Asia's insurance market is forecasted to remain favorable and buyer-friendly.
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