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Survey Report

Willis Towers Watson’s Asia Insurance Market Report 2018

Claims|Cyber Risk Management|Insurance Consulting and Technology|Personal Lines

February 2, 2018

Willis Towers Watson Asia Insurance Market Report provides anticipated 2018 outlook for the Asian insurance and reinsurance market across the full spectrum of specialty classes.

Willis Towers Watson’s second annual Asia Insurance Market Report provides you with intelligence, impact and insights on the insurance and reinsurance markets in Asia.

Combining a retrospective analysis of events over the last twelve months with our forward looking thought leadership, this comprehensive viewpoint gives insight on the impact of the interconnected risks across physical and human capital assets.


  • In 2017, significant natural catastrophes impacted the insurance market around the world. These global events are generally considered ‘earnings’ events, as the market remains well capitalized with very little exiting.
  • Cyber insurance has attracted a lot interest from clients and insurers alike; limited take-up rate is observed so far. This may change when new regulations and amendments are implemented in Asia in 2018
  • The Asian InsurTech ecosystem remains relatively small. Activity is predominantly centered on Singapore, Hong Kong and China, but Malaysia, Indonesia, Thailand and Vietnam have also recently made regulatory provisions to allow for the development and growth of local InsurTechs.

The report is based on interviews with Willis Towers Watson’s leaders in Asia, revealing market conditions and key trends shaping the insurance industry in 14 Asian countries and along 12 lines of business.

Read more about our view of market conditions in 2017 and the outlook for the insurance industry in 2018 by clicking on the link below.

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