Pool expected to achieve 100% coverage by year's end, but despite positive impact, external pressures appear to be widening Australia's protection gap.
Sia Partners benchmark of digital motor and property journeys reveals Australia at top, Hong Kong and Singapore duking it out mid-table, while China has significant potential for improvement.
P&C insurers in three major North Asian markets of China, Japan, and Taiwan hold almost three times the amount of regulatory capital for asset risk than US carriers.
