Monday, February 26, 2018

Indonesia

Zurich, Chinese bank tie up on bancassurance

Zurich, Chinese bank tie up on bancassurance

Indonesian entity of Swiss giant partners with Bank of China to explore bancassurance services.

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Allianz and StanChart sign 15-year bancassurance deal

Allianz and StanChart sign 15-year bancassurance deal

The agreement gives access to the bank’s retail clients in Hong Kong, Singapore, Malaysia, Indonesia and China.

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Hanwa Life Indonesia mulls IPO in 2019

Hanwa Life Indonesia mulls IPO in 2019

The IPO is part of an effort to meet the regulator’s 80% foreign ownership limit for insurers.

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No buyers for troubled insurer Bumiputera

No buyers for troubled insurer Bumiputera

The Indonesian government is likely to consider state aid as efforts to find a strategic investor remain futile.

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Indonesia urged to fast-track policyholder protection

Indonesia urged to fast-track policyholder protection

The call was made following the replacement of the board of directors and commissioners of AJB Bumiputera 1912.

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Indonesia’s larger infra budget to benefit insurers

Indonesia’s larger infra budget to benefit insurers

Indonesia will see a bigger infrastructure budget for 2017 and it will be favourable to many insurers.

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Indonesia’s Jiwasraya eyes capturing younger market

Indonesia’s Jiwasraya eyes capturing younger market

The government-owned insurer looks to tap the younger market in its plan of digitalising its distribution and sales.

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Etiqa to acquire majority stake in Indonesian insurer

Etiqa to acquire majority stake in Indonesian insurer

The deal with general insurer Asuransi Asoka Mas will provide Etiqa with access to Indonesia’s untapped market.

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AIA eyes infrastructure investments in Indonesia

AIA eyes infrastructure investments in Indonesia

The country needs US$400b to fund projects until 2020, most of which will come from private investors.

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Indonesia urged to use cat bonds

Indonesia urged to use cat bonds

The SE Asian nation is the latest country to be urged to transfer risk via capital markets.

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Zurich eyes bancassurance growth in Indonesia

Zurich eyes bancassurance growth in Indonesia

More growth in bancassurance business is expected as Zurich Topas Life partners with Bank CTBC Indonesia.

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Indonesia’s Bumiputera on the hunt for buyers

Indonesia’s Bumiputera on the hunt for buyers

The company is nearing the end of a long restructuring process aimed at meeting its growing obligations.

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Big growth for Indonesia’s healthcare industry

Big growth for Indonesia’s healthcare industry

The sector is expected to grow to more than US$50bn by 2020 as the government upgrades the nation’s healthcare.

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Indonesian insurer eyes one million clients by 2017

Indonesian insurer eyes one million clients by 2017

Finansial Wiramitra Danadyaksa hopes to engage one million clients in its new single premium life insurance.

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No slowdown in Indonesia’s regulatory zeal

No slowdown in Indonesia’s regulatory zeal

The president has approved plans to create holding companies for state-owned enterprises, eventually including entities for insurance.

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OJK expected to oversee Fairfax-AMAG merger

OJK expected to oversee Fairfax-AMAG merger

Regulatory supervision may be slowing the Canadian firm’s plans to acquire general insurer Asuransi Multi Artha Guna.

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Sun Life Financial buys CIMB Sun Life

Sun Life Financial buys CIMB Sun Life

The Malaysian group has reportedly agreed to divest its entire stake in the joint venture for US$41.8m in a deal signed in March.

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Manulife Indonesia to spin off sharia unit

Manulife Indonesia to spin off sharia unit

To expand its market share, the Canadian insurer intends to spin off its sharia business unit.

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Nina Klingspor, Allianz Global Corporate & Specialty

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