Asia’s $8tr insurance sector in outsourcing bonanza

Asset management and servicing firms are beefing up coverage of insurance companies in Asia – and for good reason, given the industry’s sheer size and pace of expansion. The sector is proving especially attractive in light of its fast-growing appetite for overseas investments, of which it has outsourced nearly $200 billion, and counting. Overall, regional insurers’ assets under management have grown at an annualised 7.4% between 2012 and end-2017, from $5.55 trillion to $7.93 tril…