Article
08 December 2025 - by Julian Man, Clement Bonnet, Alex Bryant, Takanori Hoshino, Hiroki Koizumi, Chihong An, Sung Hoon Kim, Linda Jin, Jaden Chiu, Michelle Lai, Lucy Ouyang, Florin Ginghina
Insurers in Asia are taking a more proactive approach to ALM, according to our 2025 survey of companies in the region.
Article
25 July 2025 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Takanori Hoshino, Philip Jackson
Embedded value rose 5% to 20% in several markets in Asia in 2024, while bond yields showed a mixed picture, according to our latest report on the region.
Article
19 July 2024 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Scott Chow, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson
Insurers in Asia reported a general increase in embedded value and value of new business, reflecting the rebound of many economies.
Article
23 August 2023 - by Heerak Basu, Clement Bonnet, Shamit Gupta, Richard Holloway, Farzana Ismail, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson
Insurers reported mixed embedded value (EV) results across Asia in 2022, increasing their investment return and discount rate assumptions, given higher bond yields.
Article
11 January 2023 - by Heerak Basu, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson, Clement Bonnet, Shamit Gupta
Insurance companies operating in Asia had mixed EV results in the first half of 2022.
Article
09 September 2022 - by Paul Sinnott, Heerak Basu, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Shamit Gupta
Largely positive results as lockdowns ease and interest rates rise, with EV growing by 7.6% year over year.
Article
06 January 2022 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Philip Jackson, Heerak Basu, Shamit Gupta
Most insurers in Asia have experienced steady growth in embedded value in the first half 2021.
Article
25 August 2021 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill
While gross written premium fell by 0.4%, embedded value grew by 13.2%.
Article
19 January 2021 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill, Sanket Kawatkar, Shamit Gupta
This report provides a summary of the mid-year 2020 embedded value results disclosed by Asian insurers.
Article
25 August 2020 - by Paul Sinnott, Michael Daly, Richard Holloway, Wing F. Wong, Chihong An, Wen Yee Lee, Stephen H. Conwill
This report compares and contrasts the various different approaches taken to embedded value reporting across Asian markets and insurers.
