Market Trends of Asia-Pacific Life and Annuity Insurance Industry
This section covers the major market trends shaping the APAC Life & Annuity Insurance Market according to our research experts:
Asia-Pacific Life Insurance Market is Growing Rapidly
Life insurance is the largest segment of the life insurance market in Asia-Pacific, accounting for the largest percentage of the market's total value. The pension/annuity segment accounts for the remaining percentage of the market. The market has been showing an upward trend witnessing the highest market share in FY 2019, and it is estimated to increase throughout the forecast period.
China Leading the Asia-Pacific Life And Annuity Insurance Market
The gross written premiums for life insurance were the highest in Mainland China China's life insurance market is relatively fragmented, and China's annual life insurance market growth was at 25 percent, followed by Japan, India, Hong Kong, and Other nations. India was the fastest growing Life and Annuity Insurance Market in Asia-Pacific.
