Why insurers are bracing for red tape constraints

Asian insurers have been enjoying some strong growth in recent years, courtesy of higher insurance penetration within an expanding middle class.    The compound annual growth rate (CAGR) of insurers’ general accounts (GA) assets in the region was 12.9% between 2013 and 2018, but this accelerated to 16.5% during 2018, to reach $551 billion, according to research firm Broadridge. It predicts GA assets, which includes life assurance premiums and fixed annuities, will keep growing b…