Moody's expects a growth of Asian insurance markets

According to Moody's, several socio-economic factors support the growth of insurance in six major Asian markets: Singapore, Thailand, Malaysia, Indonesia, Vietnam and the Philippines.

Urbanization, the expansion of the middle class, the low insurance penetration rate and the lack of a comprehensive system of social protection favour the development of these markets.

However, certain financial, demographic and political factors, as well as the specific maturity level of each market, will have an impact on the pace and quality of the development.

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