Sunday, May 28, 2017

Thailand

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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Thailand’s SCB Life up for sale

Thailand’s SCB Life up for sale

The process to sell a 49% stake stalled last year after changes in foreign shareholder rules.

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Thai life market growth to slow in 2017

Thai life market growth to slow in 2017

Economic headwinds will keep the country’s life insurance market growth to less than 10% next year.

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The investment challenge facing Thai life insurers

The investment challenge facing Thai life insurers

InsuranceAsia News and BlackRock hosted an event in Bangkok recently to help the industry navigate the current environment.

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Thailand drafting second phase of RBC framework

Thailand drafting second phase of RBC framework

Changes lie ahead as the country’s regulator prepares for a new risk-based capital framework.

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Bangkok Insurance looks to re-enter Vietnam

Bangkok Insurance looks to re-enter Vietnam

After pulling out of Vietnam 10 years ago, BKI is studying a possible re-entry into the neighbouring market.

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Thailand tightens rules on bank insurance sales

Thailand tightens rules on bank insurance sales

Brokers will clearly have to state if a transaction is an insurance product or a deposit.

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Bangkok Life gears up for Cambodia business

Bangkok Life gears up for Cambodia business

The Thai insurer will venture into Cambodia next year to tap strong demand in its South-East Asian neighbour.

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Thai Samsung aims for aggressive growth

Thai Samsung aims for aggressive growth

After investing heavily in building a network of agents, Thai Samsung Life is now aiming to break even in the near future

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Thanahart and MBK form joint venture

Thanahart and MBK form joint venture

Thailand’s sixth-biggest lender and a property developer have formed a life and non-life insurance broker JV.

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Thailand’s life sector growth to slow until 2026

Thailand’s life sector growth to slow until 2026

High penetration rate and increasing competition will result in slower market growth, says Allianz.

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World’s top insurers eye South-East Asia acquisitions

World’s top insurers eye South-East Asia acquisitions

Forthcoming opportunities include a stake sale in Siam Commercial Bank insurance unit SCB Life Assurance.

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Ergo acquires stake in Thailand’s Thaisri

Ergo acquires stake in Thailand’s Thaisri

The group has acquired a 40.26% minority stake in Thaisri Insurance from Pailuck Company Bangkok.

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Thailand eyes compulsory insurance for rice farmers

Thailand eyes compulsory insurance for rice farmers

The scheme is intended to ease the government’s burden in helping farmers in the event of a calamity.

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Paul Davis, Allianz Global Corporate & Specialty

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