Premiums are expected to grow across life and non-life segments as insurers navigate ageing demographics, inflation dynamics and intensifying industrial-policy trends.
The reinsurer is also expecting insurers to focus on the “decumulation phase,” offering products like annuities and long-term care to address longevity risk.
John Lee outlined plans to mobilise insurer capital for infrastructure, establish a marine risk pool, and boost insurance innovation in emerging sectors.
