Asean insurance growing, and shows potential: report

Singapore

THE region's insurance industry has high stability and can play an essential role in supporting and sustaining Asean's economic growth, data from the 2016 Asean Insurance Statistical Report indicates.

Total gross written premiums recorded in Asean rose 2.9 per cent to US$96.3 million, while the overall insurance penetration rate edged up 0.4 percentage points to 3.8 per cent last year.