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Connie Wong (Standard & Poor's) - Singapore College of Insurance

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Economic and Industry Risk<br />

Asia Pacific Life <strong>Insurance</strong> Markets<br />

Economic Risk<br />

Very high<br />

High<br />

Moderately<br />

Moderate<br />

Moderately low<br />

Low<br />

high<br />

Low<br />

Moderately<br />

Australia<br />

Industry Risk<br />

low<br />

Moderate<br />

Moderately<br />

China<br />

Thailand<br />

Malaysia<br />

Taiwan<br />

<strong>Singapore</strong><br />

Hong Kong<br />

Japan<br />

New Zealand<br />

high<br />

High<br />

India<br />

Philippines<br />

Very high<br />

Indonesia<br />

Vietnam<br />

CONFIDENTIAL AND PROPRIETARY.<br />

35. 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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