Asia/Pacific Insurance 2009 Top 10 Strategic Initiatives: Cost Concerns in the Wake of the Credit Crisis

This Financial Insights report presents our annual analysis of strategic initiatives for Asia/Pacific's insurance sector. The study incorporates perspectives from our primary research, together with knowledge acquired via interactions with insurance and technology vendors. It highlights the top 10 initiatives that will have key strategic importance to regional life and nonlife insurers.

"Even as the global economic recession casts a pall over Asia's insurance industry, this region continues to be an important engine of growth for global insurers. While Asia's insurance markets are not immune to the meltdown, deregulation and liberalization as well as relatively low insurance penetration rates ensure that there remain pockets of growth opportunities for insurers in the region," commented Angeline Lee, market analyst, Financial Insights.

"As such, despite tight budgets, we expect initiatives related to data integration, improving business processes, alternative distribution channels, selective replacements of legacy systems, and fraud management to continue to feature in 2009," added Li-May Chew, CFA, senior research manager, Financial Insights. "Meanwhile, as nations age and countries call for healthcare reforms and medical insurance coverage, the health insurance sector is poised to become the next hotspot for carriers." This book may contain less than 24 pages of technical content.