Diverse challenges for the region

In a region as diverse as Asia-Pacific the challenges and opportunities are equally diverse, and that’s before you add global market influences into the mix. Aon’s Reinsurance Solutions APAC leaders detail the biggest challenges and discuss solutions, with a view to helping their clients make better business decisions.

Qin Lu, CEO, Greater China

While Mainland China’s economy is on the path to recovery, albeit more slowly than might have been expected, the primary insurance market in the region has experienced considerable growth. However, there is little evidence of rate improvement in the traditional P&C market due to fierce competition.