Tuesday, January 23, 2018

Thailand

Siam Commercial, Prudential sign bancassurance deal

Siam Commercial, Prudential sign bancassurance deal

The new partnership will target wealthy clients at the Thai bank, which is the country’s second-biggest.

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Malaysia, Thailand sign insurance deal

Malaysia, Thailand sign insurance deal

Bank Negara Malaysia and Thailand’s Office of Insurance Commission have signed an MoU.

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Life segment leads growth in Thailand

Life segment leads growth in Thailand

The country’s changing demographics and better personal and retirement coverage have provided opportunities.

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Thai insurers face slower growth in 2018

Thai insurers face slower growth in 2018

The country’s insurance sector is expected to post growth of only 5.5% in 2018, slower than the 5.9% this year.

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Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand

Allianz and Sri Ayudhya Capital to deepen cooperation in Thailand

The two companies will enter into strategic transactions across both life and general insurance.

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FWD appoints new chief executive for Thailand

FWD appoints new chief executive for Thailand

Poramasiri Manolamai takes over from the current chief executive for Thailand, Mike Plaxton, effective January 1, 2018.

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AIA, Bangkok Bank renew bancassurance deal

AIA, Bangkok Bank renew bancassurance deal

The Hong Kong-based insurer has extended its agreement with the Thai bank for a further 15 years.

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QBE puts emerging markets business under review

QBE puts emerging markets business under review

Operations in Thailand and Colombia face closure after poor results led investors to question strategy.

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Aetna buys Bupa Thailand

Aetna buys Bupa Thailand

The deal is part of a strategy to expand in Asia and go “broader and deeper” into local healthcare markets.

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FWD to renew bancassurance deal with TMB Bank

FWD to renew bancassurance deal with TMB Bank

The renewal of a 15-year agreement comes after FWD’s efforts to acquire SCB Life fell apart.

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Cambodia and Thailand sign regulatory pact

The two countries have signed an agreement that aims to bolster insurance regulation in Cambodia.

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Sale of SCB insurance unit to FWD halted

Sale of SCB insurance unit to FWD halted

What could have been the largest insurance M&A transaction in South-East Asia has failed on valuation differences.

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Thai market continues to lose momentum

Thai market continues to lose momentum

Premium growth slowed for the fourth year in a row to 3.9% in 2016, according to Allianz Economic Research.

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Philippine life market growing at rapid pace

Philippine life market growing at rapid pace

The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.

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FWD in talks to buy SCB life insurance unit

FWD in talks to buy SCB life insurance unit

The potential US$3bn deal would be the largest insurance M&A transaction in South-East Asia.

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AIA, Manulife among bidders for SCB insurance arm

AIA, Manulife among bidders for SCB insurance arm

Acquisition of Thailand’s Siam Commercial Bank is likely to be tagged the biggest ever acquisition of a South-East Asian insurer.

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Thai life industry profits forecast to grow 6%

Thai life industry profits forecast to grow 6%

The Thai Life Assurance Association expects low interest rates to prompt a move into investment-linked products.

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Blockchain-based insurance platform launched in Thailand

Blockchain-based insurance platform launched in Thailand

The decentralised platform was launched by the creators of the peer-to-peer YoCoin digital currency.

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