Moody’s predicts strong growth for Asian P&C market in 2014
Ratings agency Moody’s is predicting strong growth in the Asian property and casualty insurance sector for 2014 with moderate growth forecast for the European region.
A statement from Moody's forecasts that China, which has P&C premiums growing at 15% per year, would surpass Japan as the largest Asian market within two to three years.
"We expect Japanese pricing to
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