Asia Pacific

Regional Market Dynamics

See below for insights related to the market dynamics in Asia Pacific, or select a geography below to take a closer look.

Pricing

Rate increases continued to decelerate and were generally modest in Q2, with the key exceptions of Cyber, as well as higher-risk sectors and risks with adverse claims experience.

Capacity

Capacity expanded in some areas targeted for insurer growth and was relatively stable across most products with the key exceptions of Cyber and Natural Catastrophe exposed Property.

Underwriting

Insurers sought growth and expanded their appetite in targeted areas but remained cautious of their bottom line. Quality and detailed underwriting information was a key enabler of superior renewal outcomes.

Limits

Limits have stabilized as portfolio mandates have become less prevalent. In Q2, adjustments were made only on a case-by-case basis.

Deductibles

Deductibles were broadly stable, although increases were applied to trending loss areas and poor performing risks. In addition, minimum deductibles were applied to designated business sectors.

Coverages

Coverage was generally stable, except in targeted areas including Cyber, Terrorism, and War and Sanctions, especially related to Ukraine, Russia and Belarus.

Australia Market Dynamics

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