In the Asia-Pacific life insurance industry, there were two M&A deals announced in Q3 2024, worth a total value of $199m, according to GlobalData’s Deals Database. The $199m acquisition of ABL Life Insurance by Woori Financial Group was the industry’s largest disclosed deal. GlobalData’s Insurance Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 report helps understand the transformative themes fueling M&A activity in the insurance industry. Buy the report here.

In value terms, M&A activity in Asia-Pacific decreased by 54% in Q3 2024 compared with the previous quarter’s total of $433.3m and fell by 70% as compared to Q3 2023. Related deal volume decreased by 60% in Q3 2024 versus the previous quarter and was 33% lower than in Q3 2023.

For further understanding of GlobalData's Insurance Industry Mergers And Acquisitions Deals By Top Themes In Q3 2024 – Strategic Intelligence, buy the report here.

This content was updated on 19 October 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.