VA providers seek regulatory boost to products in Asia

Variable probabilities

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With a broadly ageing population and a rapidly developing insurance market, the Asia-Pacific region should be an increasingly attractive prospect for bancassurance and investment-linked insurance products. Japan, for example, is home to the world’s second largest variable annuity market with ¥18 trillion of assets under management, according to Nomura.

Despite the attractive underlying market fundamentals for guaranteed investment products, however, dealers say the region’s variable annuity mark