HONG KONG, Sept 6 (Bernama-BUSINESS WIRE) — Major Asia-Pacific reinsurance companies saw their composite’s return on equity surge to 9.2% from 0.1% under IFRS 17, supported by a more stable investment environment and benign catastrophe activity, according to a new AM Best report.
The Best’s Market Segment Report, “Asia-Pacific Reinsurers Achieve Strong Results in Improved Investment Environment,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reinsurance-related reports, including AM Best’s ranking of top global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life/annuity, health and regional reinsurance markets, are available at Best’s Research.