In Asia-Pacific, Allianz Research’s Global Insurance Report 2026 pegged P&C premium growth at just 4.0% in 2025, below the region’s ten-year average, as Fitch pointed to rising loss ratios in motor and health lines in markets including Korea, Indonesia and Australia squeezing underwriting margins. North America’s own P&C growth also slowed sharply, falling from 9.7% to 2.2%, according to the same Allianz data, even as underwriting profits improved, underscoring that strong margins and slow growth are often two sides of the same cyclical coin rather than a sign of structural strength.
Global insurers post strong 2025 results, but Bain warns momentum remains cyclical & more related News Here
