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MarketLine – Asia-Pacific – Non-Life Insurance

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Asia-Pacific – Non-Life Insurance

The Asia-Pacific non-life insurance market had total gross written premiums of $400.7bn in 2012, representing a compound annual growth rate (CAGR) of 8.8% between 2008 and 2012.The motor insurance segment was the market’s most lucrative in 2012, with total gross written premiums of $234.0bn, equivalent to 58.4% of the market’s overall value.The performance of the market is forecast to accelerate, with an anticipated CAGR of 9.2% for the five-year period 2012 – 2017, which is expected to drive the market to a value of $622.9bn by the end of 2017.

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