While the variable annuities (VA) market in Japan is second in size to the US, the rest of Asia includes only patchy activity. Several isolated deals in Hong Kong and Australia over the past five years have heralded little although the market in South Korea has provided more than a diverting exception. Market estimates for Korea stand at $19 billion, compared with $160 billion in Japan and $1.1 trillion in the US.
But insurance companies remain captivated by the numbers: there are 465 million peo
The week on Risk.net, July 7-13, 2018Receive this by email