The number of large markets in emerging Asia makes the region attractive: as access to only a handful of markets offers exposure to most of the region, says Swiss Re Institute in its latest World Insurance Report released yesterday.
The concentration of a few large markets is high in emerging Asia. The share of the three largest markets in emerging Asia is 93%, substantially higher than in other emerging regions. The three markets are China, India and Thailand.
Also there are fewer small markets in emerging Asia than elsewhere. This composition facilitates international expansion, with fewer regulatory frameworks to adapt to.
Of the markets in emerging Asia, the top three showed the following global market share in 2018:
| Country |
Premium (E) |
2018 global |
| |
2018 $ m |
market share % |
| China |
574,877 |
11.07 |
| India |
99,838 |
1.92 |
| Thailand |
26,622 |
0.51 |
| Share of the three countries |
13.5 |
| Emerging Asia |
14.5 |