Participating (par) insurance products represent a significant proportion of the life insurance business in many Asian markets. The contribution of par products toward the overall business varies in each market, for multiple reasons. This report provides a comprehensive overview of par business from three different perspectives:
- A regional view, focusing on how countries compare with each other, identifying common themes
- A brief analysis of par by country, highlighting the major issues, changes, and regulations that define the local business environment
- A detailed country report for eight par markets: China, Hong Kong, India, Indonesia, Malaysia, Singapore, Sri Lanka, and Thailand
Participating business in Asia 2023
We detail the business for participating life insurance products across Asia, including eight major markets from a survey we conducted in 2Q 2023.