Opalesque Industry Update - Opalesque Industry Update - Insurance companies globally are adopting new ways of thinking about their industry, as the markets in which they operate see significant long-term economic and regulatory changes, not to mention near-term volatility. BlackRock commissioned the Economist Intelligence Unit to survey more than 200 insurers around the world in May and July to find out more about the trends that are driving widespread change for our insurance clients, and what challenges they face in adapting their investment strategies.|
In addition to having case studies based on in-depth interviews with global insurers and perspectives from BlackRock investment specialists, the survey results included 40 insurers from Asia Pacific, including China, Korea, Malaysia, the Philippines, Singapore and Taiwan.
Asian insurers are affected by the same market trends as their global counterparts, but their businesses are influenced by different domestic regulatory, cultural and economic factors. The summary below based on the global survey results reveals how actively Asian insurers have been preparing for change in their businesses, and indeed in several key respects, how they differ from insurance firms in other regions.