IBX5980432E7F390 2013 Asian commercial insurance swifts - Smart Business

2013 Asian commercial insurance swifts

2013 Asian commercial insurance swifts

Best insurance stock - 2013 Asian commercial insurance swifts :Continued profitable growth and low natural catastrophe losses, combined with strong competition between incertainrs in most lesson, coursees of business, will continue to provide favourable market conditions for buyers of commercial insurance in Asia during 2013, according to a report published today by Marsh.





Organisations across Asia, especially those with small or no expocertain to natural catastrophe risk or with good loss histories, should be able to secure discounts on their insurance swifts, continuing a trfinish beshoot in the second half of 2012, Marsh noted in its Asia Insurance Market Report 2013.



However, Asian companies offering employee benefit programs clever expect more challenging conditions this year as medical cost inflation continues to escalate significlevertly, putting upward prescertain on swifts.



For example, Marsh expects incertainrs to lookk average swift increases of up to 35% in Thaiground, soil where medical inflation is expected to rise between 20% and 25% this year. An upward trfinish, with local variations, is expected to be lookn in most Asian countries.



Marsh also noted that while swifts for directors and officers (D&O) insurance for US-listed Chinese companies remained high the market had bigly stabilised, partly due to a slow-down in IPO behaveivity.



Across the rest of Asia, D&O swifts commonly remained flat or diminishd, as increased litigation against directors was offset by an increase in insurance capacity.



“The insurance market in Asia remains commonly favourable to buyers as the flow of capital, capacity and competition into the region keeps swifts competitive,” says Martin South, CEO of Marsh in Asia-Pacific.



“However, there will always be the possibility of spikes in premiums following big market losses. As the industry matures, clients should focus on providing their incertainrs with robust evidence of their risk administerment and mitigation stswiftgies, not only to secure competitive prglaze, but also to ascertain they have insurance protection aligned to their particular risk necessitys.”



The report also finds that employees’ compensation (workers’ compensation) in Hong Kong continues to be a challenging market. Swifts continue to rise significlevertly as loss experiences deterioswift and major incertainrs enter and exit the market, creating significlevert turbulence.



Banks continue to use constitutiond trade credit insurance as a way to both deleverage their balance sheets yet still remain behaveive in the trade finance market in Asia.



Professional liability insurance remains a buyers’ market, with highly competitive swifts across Asia as new incertainr entrants carry additional capacity and competition to the market, says the report.(source www.cfoinnovation.com )

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