Pacific Rim becomes ripe for captive growth. (International Risk Management Report)

National Underwriter Property & Casualty-Risk & Benefits Management, September, 1992 by McGhie, George

The thriving economies of the Pacific Rim now rival the United States and Western Europe in the growth potential of sophisticated risk management techniques - including captives. The region, stretching from Japan south to New Zealand, embraces myriad cultures and a wide disparity of economic, social and political development.

While the West remains mired in recession, Asian countries are beginning to exploit fledgling markets within the region. This is raising living standards and expectations for further improvements and bringing new responsibilities and exposures to industry. Meanwhile, the liberalization of insurance markets is encouraging risk management solutions, such as those which captives can provide. At present, the Pacific Rim's most developed...

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