Despite economic headwinds, life premiums in emerging Asia grew faster in 2015 than in 2014, by 16% against 9.1%. The improved performance was in part due to recovery in India and the Philippines, and sustained strong expansion in Indonesia and Vietnam, according to a report by Swiss Re, World insurance in 2015:c steady growth amid regional disparities.
In India, the recovery was underpinned by investment-linked products, which posted strong growth through bancassurance channels. Nevertheless, the main contributor was China, where premium growth accelerated to 20% in 2015 from 13% a year earlier.
