Skip to main content

Global Transactional Risk Report


beautiful nanpu bridge at dusk,crosses huangpu river,shanghai,China

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.


Global Transactional Risk Report 2022

Other regions

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. LCPA 23/075

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”