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Document Overview
Author:
Joshua Tan Overview
This IDC Financial Insights Perspective recaps developments within the Asia/Pacific insurance sector year to date for 2010, examining key events and developments that have impacted the market. Riding on a cautious but encouraging economic recovery, insurers across the region are on the right track toward recording stellar growth by year-end. Key highlights we explore include the rising number of mergers and acquisitions (M&A) sprees as select insurance players utilize the opportunity to expand regionally and generate returns from cross-sector integration synergies (bancassurance), while others are spurred to do so to meet higher capitalization requirements. Other developments worth mentioning include Prudential's failed takeover bid for AIA, successful initial public offerings (IPOs) in the region, and increased regulatory intervention in underinsured nations to alleviate residents' suffering from the ill effects of natural catastrophes. In This PERSPECTIVE | Learn More Subscriptions Covered:IDC Financial Insights: Asia/Pacific Insurance Strategies , IDC Financial Insights: European Insurance Strategies , IDC Financial Insights: Worldwide Insurance Strategies Companies Covered:Great Eastern Corp, LIFE INSURANCE CORPORATION, Kabushiki Kaisha Songai Hoken Japan, The Stock Exchange of Hong Kong Ltd, Vietnam Bank for Agriculture and Rural Development, Hong Leong Assurance Berhad, AIA Group Limited, American Life Insurance Company, AXA AFFIN Life Insurance Berhad, AMERICAN INTERNATIONAL GROUP, INC., PT Bank Negara Indonesia (Persero) Tbk, Shenzhen Development Bank Co.,Ltd., Mitsui Sumitomo Insurance Company,Limited, HSBC HOLDINGS PLC, NKSJ Holdings, Inc., MAA Holdings Berhad, METLIFE, INC., PRUDENTIAL PUBLIC LIMITED COMPANY, ACE GROUP HOLDINGS, INC., Singapore Exchange Limited, Swiss Reinsurance Company Ltd, UNITED OVERSEAS BANK LIMITED, Nippon Koa Songai Hoken Kabushiki Kaisha, Samsung Regions Covered:Asia Pacific, China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand, United States, Vietnam Topics Covered:Disaster recovery, Disk-based data protection, Failover and failback Vertical Markets: |
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