Skip to main content
Marsh logo

Global Transactional Risk Report

Asia

Global macroeconomic and geopolitical pressures weighed heavily on overall M&A activity in Asia in 2022.
Person's name and title

By Haoren Fu , 

Head of Transactional Risk, Asia

02/23/2023

Global macroeconomic and geopolitical pressures weighed heavily on overall M&A activity in Asia in 2022.

The effect was most pronounced in North Asia, mainly due to foreign exchange volatility for dealmakers in Japan and South Korea, Greater China’s pandemic controls, and rising interest rates across the region. In spite of the challenging circumstances, transactional risk insurance placements in 2022 remained resilient, helped by the continued stability of Southeast Asia’s M&A market and the strength of the market in India.

Overall, closed deal counts decreased only slightly — by 12% — compared to 2021’s record-breaking levels, total limits placed grew by 35.6% over the previous year, and the combined number of primary and excess policies placed by Marsh Asia increased from 197 in 2021 to 205 in 2022.

The average premium rate for Asia increased slightly from 2.25% in 2021 to 2.32% in 2022. As with Marsh’s experience in EMEA, this average was a blend of an elevated pricing environment during the earlier part of the year that shifted downwards in the second half. This change was mainly due to reduced deal activity easing constraints on underwriting bandwidth and increased competition between insurers for engagements throughout the region.

Download

Global Transactional Risk Report 2022

Download report

Other regions

Panorama of Chicago

Article

North America

02/23/2023
Beautiful aerial view of the Sydney Opera house by the bay in Australia. Panoramic view.

Article

Pacific

02/23/2023
Placeholder Image

Article

Latin America and the Caribbean

02/23/2023
Panarama of the mountains, snow and blue glacial ice of the Smeerenburg glacier, Svalbard, and archipelago between mainland Norway and the North Pole. An inflatable boat is anchored in the foreground.

Article

Europe, Middle East, and Africa

02/23/2023