The macro environment for life insurance companies in Asia has begun to stabilize, but during the height of the crisis of 2008 and early 2009, the life insurance industry in Asia was severely battered, in particular in markets such as Japan and Taiwan, where insurers had been aggressively pushing high-yield guaranteed products and had been heavily exposed to equities.
“During the crisis, it dawned on numerous major life insurance companies, especially in Japan, that it pays not to be overexposed to equities,” says Jeffrey Liew, senior director at the Asia-Pacific insurance team of Fitch Ratings. “They started delving deeper into asset/liability management (ALM) and wanted to hedge some of the investment risks that they were exposed to previously.”
http://www.theasset.com/article/18777.html
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A fantastic analysis of the Asian market, what happened and where it is going. Must read stuff for people in that market area.
how does whole life insurance work? i have a lot of questions. Maybe I should check here to know the answers to my question.
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