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International

Marine, trade credit insurers to benefit from new Asia-Pacific trade bloc

July 08, 2022 Reprints

A report by Swiss Re Institute said that the new Asian trade bloc, the Regional Comprehensive Economic Partnership (RCEP), will create new business opportunities for the insurance industry, especially across marine, trade credit, engineering and property insurance lines, Asia Insurance Review reported. The RCEP is expected to bolster marine insurance premiums in the Asia Pacific region by approximately 4.5% and credit and surety insurance premiums by about 4.4% in 2030

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Marine, trade credit insurers to benefit from new Asia-Pacific trade bloc

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