Ernst & Young anticipates further regional evolution, but not revolution, in Asia-Pacific markets in 2011. Early movers may especially benefit by their immediate actions, while the insurers who wait to discern the short-term mistakes of others may similarly attain valuable traction.
Key issues that will influence insurers looking to share growth in 2011:
- Adjusting and expanding distribution strategies amid shifting demographics and consumer buying patterns.
- Developing strategies to shape and comply with the heightened pace of local and global regulatory and accounting developments.
- Developing dependable capital sources required to support accelerating business growth.