The operating environment for insurers in the Asia/Pacific region improved in the most recent fiscal period with the significant recovery in asset prices, according to an A.M. Best report on the life and non-life sectors. Insurers benefited from higher investment income and realized and unrealized capital gains that led to improvements in capitalization. However, financial results may not be as strong as in 2009, as asset prices rebounded from such a low point in 2008. In addition, the region’s stock markets have been volatile, and insurers are investing new cash flows at extremely low interest rates, notes A.M. Best.
Other findings from the report:
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