Life journey

Asian life insurers on average deliver returns below their cost of capital, but a few carriers create significant value. What do they do differently?

China’s life insurance industry delivers returns far below its cost of capital. While some carriers created significant value, others dragged industry returns down to below zero.

Overall, the life insurance industry in Korea delivers returns below the cost of capital, but some carriers are creating significant value. What are the winners doing differently?

While India is riding a wave of extraordinary economic growth, its life insurance sector is still at a nascent stage and its contribution to value creation has been minimum.

Japan’s life insurance industry delivers returns for below its cost of capital. While some carriers created significant value, others dragged industry returns down to below zero.

The US life-insurance industry, in aggregate, has lost ground for 25 years. Yet a market worth tens of billions of dollars awaits companies able to seize the opportunity.