News Snapshot:
Liability insurance industry in Asia-Pacific to reach US$33.4bn in 2023, says GlobalData Insurance The liability insurance industry in the Asia-Pacific region is projected to grow from US$28.8bn in 2019 to US$33.4bn in 2023, in terms of written premiums, according to GlobalData, GlobalData’s insight report, ‘ Global Liability Insurance Market to 2023 – Overview, Key Trends, Regulatory Developments and COVID-19 Impact Analysis ’, reveals that the liability insurance industry in Asia-Pacific is expected to grow at a compound annual growth rate (CAGR) of 3.8% over 2019–2023, supported by the demand for insurance covering the commercial sector such as workers’ compensation, professional/management...
