Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

BestWeek Asia-Pacific: Niche Retirement, Wealth Markets Beckon for Taiwan’s Life Insurers



  BestWeek Asia-Pacific: Niche Retirement, Wealth Markets Beckon for Taiwan’s
  Life Insurers

Business Wire

HONG KONG -- February 11, 2013

Niche markets in retirement and wealth management will be the next domestic
growth engines for Taiwan’s life insurers, who will also need to learn from
their European counterparts how to balance risk and capital management,
according to an article in the latest BestWeek Asia-Pacific.

Taiwan’s life insurance market has been sluggish since 2008 as the global
financial crisis triggering capital adequacy and solvency concerns among
foreign players, which eventually pulled out. This also created an aftermath
“negative spread” problem among western insurers who gave up their local
businesses, such as U.K.’s Prudential plc, Netherlands-based Aegon and ING
Group, and U.S.-based MassMutual, said Paul Melody, head of life insurance
consulting at Towers Watson in Greater China, in an interview.

But like China, there are opportunities in the savings and retirement sectors
along with an expanding aging population, Melody said.

BestWeek Asia-Pacific also features the final in a series on takaful
regulation in the Gulf Cooperation Council and how policyholder protection is
a key aspect in considering takaful companies.

The Feb. 12 edition is available at www.bestweek.com/asia and
www.bestweek.com.

BestWeek is published by A.M. Best Co. for insurance professionals. To
subscribe, visit www.ambest.com/sales/BestWeek.

BestWeek can be accessed on iPads and mobile devices at www.bestweek.com. On
your iPad or mobile device, click on BestWeek digital to log in.

Founded in 1899, A.M. Best Co. is the world’s oldest and most authoritative
insurance rating and information source. For more information, visit
www.ambest.com.

       Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contact:

A.M. Best Co.
Iris Lai, +852-282-3400
iris.lai@ambest.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement