MSIG Asia has outlined an ambitious goal to achieve a compound annual growth rate (CAGR) of over 15% in profit after tax. The insurer plans to meet this target by focusing on expanding its digital distribution channels, enhancing its cyber insurance offerings, and increasing its healthcare services.
The company also identified the Asia-Pacific region as the most promising for growth in the general insurance market over the next decade. Vietnam, in particular, is expected to lead the charge with a projected CAGR of 15.4%.
India is also positioned as one of MSIG’s strongest markets by 2030. To support its growth strategy, the insurer has set an earnings target of JPY 18 billion and a goal of JPY 350 billion in gross written premiums.
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