Big wave: Pedestrians pass a backdrop of the city skyline in the Central district, Hong Kong. Expectations are high in the insurance industry in Singapore and Hong Kong next year, according to a study. — Bloomberg
SINGAPORE: Insurers and insurance asset managers are expecting a wave of mergers and acquisitions (M&As) to rise in Singapore and Hong Kong in 2024, in line with a global consolidation trend.
According to the Clearwater Analytics Insurance Outlook Report 2024, more than 60% of the respondents in a survey expect M&A activity in their domestic market to rise in 2024.
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