13 March 2018Insurance

Hot Asia M&A insurance market drives prices

Asia’s mergers & acquisitions (M&A) market is a “very hotly contested area” and this is driving prices up, Aviva Asia chief strategy officer Alex Kimura, told AM Best.

“There are many people coming to the table in terms of M&A. You have multinationals who have traditionally been involved in M&A. You have tech companies who are bidding for assets within Asia,” Kimura explained in the March 13 BestWeek Asia-Pacific Edition.

Asia is an attractive jurisdiction for insurers because of the region’s low insurance penetration. In most markets for life insurance, penetration rates are under 10 or 15 percent, Kimura said. On the general insurance side, it’s less than 10 percent.

Insurance markets that are particularly interesting are the ones in the most populous countries, such as India, China, Indonesia and Vietnam, Kimura said.

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