Asian Business Review

International retailers continued to enter the market.

Non-life payouts climb faster than premiums, signalling pressure on underwriting margins.

Asia-Pacific emerges as the fastest growing market as production capacity expands.

Luxury malls, designer districts and night markets remain key attractions.

Growth extended to a tenth straight month.

Flagship openings and store upgrades also rise to enhance customer experience.

Total insurable values per site can reach $20b to $30b, raising aggregation concerns.

HSBC, Mizuho, and China Construction Bank stand out.

Firms also prioritise compliance over response.

The report noted that only 38% of their stores are in suburban areas as of 2025.

Key reasons include flexibility and work-life balance.

F&B and fashion drive the leasing activity across the region.

Inclusion and policy support fuel growth.

A quarter of respondents still have no arrangements in place for wealth transfer.