Milliman: Mixed outlook for participating business across Asia

By a News Reporter-Staff News Editor at China Weekly News -- Milliman, Inc., a premier global consulting and actuarial firm, released the findings of a study analysing and comparing participating (par) business across seven Asian insurance markets notably Singapore, India, Malaysia, Hong Kong, mainland China, Indonesia and Sri Lanka. The report collates in-depth information not otherwise available and provides insight from survey results about par business in Asia.

"Par products have been a core insurance offering for many decades in many markets across Asia Pacific and in Singapore, Hong Kong and India they remain a cornerstone of the industry," said Richard Holloway, managing director for Milliman's South East Asia and India life consulting practice. "However, increased regulatory scrutiny of par business in countries such as Malaysia and the onset of risk based capital solvency regimes in most markets may lead to a gradual decline in the popularity of such products. This report unlocks key considerations for companies offering par products across the region, highlighting differences in performance, investment approach, and governance of par across the seven markets."

Keywords for this news article include: Asia, China, Malaysia, Hong Kong, Singapore, Milliman Inc..

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