ISA 2012: Insurer bosses claim no foreign player has 'Pan-Asian edge'

As mature markets sink deeper into the eurozone crisis, Asia remains a bright spot for global insurers. That was the view of Johnny Chen, CEO of Zurich Financial Services, who told the audience at ISA 2012 yesterday that he remains positive in his firm's short to medium term outlook and expects high single digit growth in the region.

Nonetheless, the well-told Asian growth story has heightened competition. Chris Colahan, CEO of RSA Hong Kong (pictured), noted that Australian and Japanese insurers are becoming more aggressive