Asia recorded its lowest first-half insured catastrophe losses since 2017, but more than US$6bn in flood-driven economic losses in China underscored the region's significant protection gap.
Fire insurance led Japan's non-life market improvement in FY2025, as claims fell sharply despite continued premium growth across major commercial lines.
Swiss Re expects Asia to outpace global insurance growth in 2026, though the regional outlook is splitting sharply between AI beneficiaries, energy-exposed markets and reform-led growth stories.