1st October 2023

APAC liability insurance industry to surpass $61bn by 2027-GlobalData

The liability insurance industry in the Asia-Pacific (APAC) region is projected to grow from $39.4bn in 2023 to $61.7bn in 2027, in terms of written premiums, according to GlobalData.
GlobalData’s latest report, "Liability Insurance Market Trends And Analysis By Region, Line Of Business, Competitive Landscape And Forecast To 2027", reveals that the liability insurance industry in APAC is expected to grow at a compound annual growth rate(CAGR) of 11.8% over 2023–2027, supported by economic growth in the top markets and improved product offerings.
Liability insurance in APAC is concentrated among the top three markets China, Australia, and Japan, which are estimated to account for a share of 48.2%, 19.6%, and 18.8%, respectively, of the region's written premiums in 2023.

GlobalData Trends(192 articles)
Asia Pacific Trends(6,962 articles)
Australia Trends(1,129 articles)
China Trends(1,364 articles)
Japan Trends(757 articles)