...North American Insurers in Asia: Asian insurance markets have become attractive to North American insurers due to their relatively high growth potential. Some major North American insurers, such as Prudential Financial Inc. (Prudential); American International Group, Inc. (AIG); MetLife Inc. (MetLife); Manulife Financial Corporation (Manulife); ACE Limited (ACE); and Sun Life Financial Inc. (Sun Life), already deploy well-organized operations in broad Asian countries and have a notable position in each market. Their Asian operations have played a meaningful role in driving stable growth and mitigating some risks in their domestic markets. Some Markets Are Less Attractive: Fitch views insurance markets in the Asian developed countries, such as Japan, South Korea, Taiwan and Hong Kong, as either mature or fiercely competitive. China and India insurance markets are dominated by a few government-owned or domestic insurers due to high barriers to entry imposed by government policy/regulations....
