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ARTICLE · 16 FEBRUARY 2011

Asia Pacific insurance survey 2011

Norton Rose Fulbright Australia
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A sample of 92 professionals from the insurance sector across Asia Pacific responded to our survey, providing an authoritative and wide-ranging examination of the current state of the insurance market in the region.

AustraliaInsurance
James Bateson
James Bateson
Tricia Hobson
Tricia Hobson
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A sample of 92 professionals from the insurance sector across Asia Pacific responded to our survey, providing an authoritative and wide-ranging examination of the current state of the insurance market in the region.

The findings of this survey have been grouped into six main themes that touch on some of the primary opportunities and challenges facing insurance companies based in, or with operations in, the region. Those themes are growth, regulation, Solvency II, risk management, capital and claims.

Overall the results present a contrasting picture reflecting the diversity of the region and the relative immaturity of the market. There are tensions between: national protection evidenced by foreign investment restrictions and the opportunities and need for growth; the need to keep regulation light to facilitate growth, yet tight to protect the market and to keep pace with Europe and the rest of the world so as to discourage regulatory arbitrage, and between

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