(Health-NewsWire.Net, August 24, 2016 ) The strong performance of emerging markets coupled with limited growth opportunities in mature markets attracted global insurers' interest in these emerging markets.
Entering the insurance industry when it is still in its development stage can also provide early-mover advantage, particularly as local insurers may lack the required capital base or expertise. Insurers from mature markets also have advantages in terms of technology, and tend to have superior knowledge of actuarial science for innovation in product development. Their presence can help increase insurance coverage in emerging markets.