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2 clusters · 2 sources · 14 days · First seen 23 days ago · Last updated 9 days ago

Asia-Pacific insurance and reinsurance market trends

Overview

The Asia-Pacific insurance and reinsurance markets have experienced shifting trends regarding rates and revenue. In the second quarter of 2026, commercial insurance rates across Asia fell by 5%, a trend attributed to intensified competition and available capacity. Specific declines were noted in property, casualty, financial, and cyber insurance, with significant rate drops occurring in markets such as Taiwan, Korea, and China.

In the reinsurance sector, net insurance service revenue saw a recovery, driven largely by expansion into overseas markets. This growth was supported by strong underwriting profitability and favorable pricing conditions. Looking toward the 2026 renewal season, analysts anticipate more favorable conditions for buyers due to abundant capacity and falling rates. However, specific regional developments, such as a planned 2027 merger in Japan, may influence future reinsurance capacity and competition levels.

Entities

Marsh · Mitsui Sumitomo Insurance · Aioi Nissay Dowa Insurance · AM Best

Timeline

9 days ago

[BUSINESS] 2 sources
Asia-Pacific reinsurance revenue rises as companies expand overseas
Asia-Pacific reinsurers saw a 4% revenue increase in 2025 driven by overseas business, while New China Life Insurance faces margin pressure from regulatory risks and market volatility.
23 days ago

[BUSINESS] 4 sources
Asia commercial insurance rates fall 5% in Q2 2026
Asia's commercial insurance rates fell 5% in Q2 2026 due to increased competition and capacity, with notable declines in cyber and property insurance across markets like Korea and China.

Sources

asianbusinessreview.com · insuranceasia.com