Asian reinsurance market development

According to Fitch Ratings, the Asian non life reinsurance market is expected to post a significant growth in the coming years. Reinsurance demand will be encouraged by the major infrastructure projects and the digital transition.

The coverage gap of natural catastrophes also offers a significant growth potential. The application of IFRS 17 (International Financial Reporting), which will begin in 2021, represents another lever for the development of this industry.

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• Asia Pacific, losses due to natural catastrophes