How PwC is helping Asia Pacific make the most of its growth opportunities
The Asia Pacific region is a powerhouse of global economic growth. The Asia Pacific region accounts for more than half of the worldās population, one fifth of the world's economy, and is expected to contribute about 60% of all global growth in the next 10 years (Source: WEF, UNFPA).
Such growth promises a rising tide of prosperity but as Asia Pacific businesses grow and mature, the challenges confronting them and broader society become more challenging and complex.
Thatās why PwC Asia Pacific is dedicated to fostering new ways of working to solve the important problems.
We do this by bringing together people with diverse ways of thinking and giving them the space to approach problems from all angles. We know the collective power of difference and its ability to spur creative breakthroughs.
Hereās how PwC is using it to solve important problems.
"Old solutions wonāt work for new problems, so weāre dedicated to thinking differently about the challenges and opportunities facing Asia Pacific. Our priority is to help our clients succeed in this very dynamic and ever-changing part of the world, and to help build trust in society."
Asia Pacific is changing. The strong fundamentals which dramatically improved prosperity and living standards across the region, can no longer be relied upon to address the inevitable continuous disruptions.
The era of passive growth is over; it is now time to act.
This is Asia Pacificās time. Asia Pacific must now build a resilient future on five pillars: Advancing the digital economy, enabling regional enterprise growth, rebalancing supply chains and fostering innovation, future-proofing the labour force, and building towards a net-zero economy.
The amount of data being generated and collected each and every moment is not only staggering ā itās growing astonishingly. But most businesses are struggling to collate or analyse this data, letting potentially transformative insights go ignored and unknown.
Siloed or fragmented data drastically reduces the value of the insights that can be drawn from it, but large datasets can be impossible to thoroughly analyse. Itās why we created a business intelligence tool that combines unified datasets with powerful visualisation, to allow fast identification of outliers.
The insurance industry is growing rapidly in Asia Pacific's developing markets. A significant unifying factor in this diverse region is the adoption of IFRS 17, a globally standardised accounting model for all insurance contracts.
We surveyed close to 70 insurance executives across 11 countries in the Asia Pacific region in May 2020 to understand how insurers are conducting their IFRS 17 programmes. The responses provide insights into approaches followed, progress made and challenges faced with IFRS 17 implementation.
Raymund Chao
PwC Asia Pacific Chairman ; Chairman, PwC China
PwC Asia Pacific Vice Chairman ; Australia Chief Executive Officer, Brisbane, PwC Australia
+61 7 3257 8623
Eddy Rintis
PwC Asia Pacific Vice Chairman ; Indonesia Territory Senior Partner, Jakarta, PwC Indonesia
+62 21 509 92901
Koichiro Kimura
PwC Asia Pacific Vice Chairman, Malaysia/Vietnam Managing Partner, PwC Malaysia
+60 (3) 2173 0762
Mark Averill
PwC Asia Pacific Vice Chairman ; New Zealand Chief Executive Officer, Auckland, PwC New Zealand
+64 21 646 418
Alex Cabrera
PwC Asia Pacific Vice Chairman ; Philippines Chairman, Makati, PwC Philippines
+63 (2) 8459 2002
Oon Jin Yeoh
PwC Asia Pacific Vice Chairman, Singapore Executive Chairman, PwC Singapore
Joseph Chou
PwC Asia Pacific Vice Chairman ; Taiwan Chairman & Chief Executive Officer, Taipei, PwC Taiwan
+886 2 27296666, x26693
Chanchai Chaiprasit
PwC Asia Pacific Vice Chairman ; Thailand Chief Executive Officer, PwC Thailand
+66 (0) 2844 1000
Van Dinh Thi Quynh
Damon Hickey
Peter Ng
Bob Saada
PwC Asia Pacific Consulting Leader, PwC Malaysia
Pauline Ho
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