Life Insurance in Asia
Sustaining Growth in the Next Decade
Since the first edition of Life Insurance in Asia was published, the global life insurance industry has faced unprecedented challengesfrom extremely low interest rates and highly volatile capital markets to a flood of new regulations. While Asia has fared well in this environment, it has not been immune to these events, and will be faced with a set of issues very different from those seen in the last decade.
Nobody understands this better than authors Stephan Binder and Joe Ngai. With the second edition of Life Insurance in Asia, they draw on their experience from working with leading life insurance companies in the region to provide a fresh look at the dynamic Asian life insurance market and how it may develop over the next several years.
Fully updated to reflect today's business conditions, this reliable resource offers valuable insights on what it will take to adapt to a new industry paradigmshifting from a strong growth focus to a more value-oriented approachand reveals how firms, from multinational insurers to local players, will have to operate in order to be more effective in the region. Along the way, it touches on timely topics that will help readers prepare for this new reality, including revisiting distribution models; exploring potential opportunities from new technologies and innovation; strengthening invest-ment management capabilities to address challenges in more volatile market environments; and adjusting product portfolios to cater to specific customer segments.
While Life Insurance in Asia, Second Edition is not intended to be a comprehensive country-by- country analysis, deep dives into specific marketsfrom China, India, and Japan to South Korea, Taiwan, Hong Kong, and Singaporeare performed to reveal the differences and nuances of each, and put you in a better position to excel within them.
Written by practitioners with a wealth of experience in the Asian life insurance sector, this new edition provides readers with a practical perspective on the inner workings of the industry and key challenges for market players. With the information found here, you'll discover what it will take to capture the opportunities that are emerging in this competitive arena.
256 pages; ISBN 9781118360262
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Title: Life Insurance in Asia
Author: Stephan Binder; Joseph Luc Ngai
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