Connie Wong (Standard & Poor's) - Singapore College of Insurance
Connie Wong (Standard & Poor's) - Singapore College of Insurance
Connie Wong (Standard & Poor's) - Singapore College of Insurance
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Asia-Pacific Region NonLife <strong>Insurance</strong> Trends<br />
Outlook: Stable<br />
• Supportive operating performance although lowered underwriting pr<strong>of</strong>it<br />
• Strengthened balance sheet<br />
• Strong potential market growth<br />
• Increased reinsurance support<br />
Some Challenges<br />
• Heightening competition<br />
• Weak market discipline in some markets<br />
• Need more advance technical know-how in some markets<br />
• Less stringent reserving practices in some markets<br />
• Changing claims pattern, especially in some developing markets<br />
• Limited capital sources for rapid growing markets<br />
CONFIDENTIAL AND PROPRIETARY.<br />
33. August Permission 2005 to reprint or distribute any content from this presentation requires the written approval <strong>of</strong> <strong>Standard</strong> & Poor’s.
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