Milliman：2025年全球人寿和健康保险并购（M&A）年度报告（英文版）

The Global insight section (pages 3–6) provides an overview of global life and health M&A in 2025, looking at transaction volumes and reported deal prices, and a high-level analysis of the activity in each region. The North America (pages 7–17), Europe (pages 18–54), Asia (pages 55–79),6 Latin America (pages 80–83), and Africa (pages 84–89) sections provide a detailed insight into the activity in each region. For key markets under each region, we provide:  An analysis of the level of act