S&P Global Ratings’ 2026 market outlook highlights several areas where growth may outpace the broader market. The agency identifies cyber insurance in Asia as one of the fastest-expanding segments in the short to medium term, with penetration still low. Primary cyber insurers in Asia-Pacific recorded compound annual growth of around 36% in gross written premiums over the past five years, second to Latin America’s 62%. S&P Global Ratings also notes rising demand for longevity risk transfer and capital management solutions in parts of Asia with relatively low insurance and pension coverage, supporting activity in the life reinsurance market. In its October 2025 Asia-Pacific Reinsurance Sector Update, the agency said reinsurers in the region are likely to see modest and uneven growth in gross written premium in 2026, as competitive pricing, ample capacity, some softening in rates, and slower economic growth limit premium expansion, even as cedents and reinsurers adjust their portfolios in response to geopolitical, catastrophe, and technology-related risks.
