The expanded offering comes as regulators and corporates across Asia-Pacific show growing interest in captives and other alternative risk-transfer mechanisms.
Favourable claims development on its non-life book and robust margins from a growing life business lifted underwriting performance at the Philippines’ sole domestic reinsurer.
The deal values the Australian retirement income business at approximately A$7.94bn (US$5.53bn) and follows Dai-ichi Life's proposed acquisition of New Zealand's Fidelity Life.
Steady flows of higher-margin protection business feed the largest in-force contractual service margin among Korean life insurers, underpinning stable insurance profit.
Falling premiums reflect surplus capital rather than lower exposure, PARIMA speakers said, as geopolitical, AI, climate and labour risks combine and compound.
