Friday, April 27, 2018

Thailand

Thailand life market to maintain growth

Thailand life market to maintain growth

New bancassurance deals and a bigger pool of agents eligible to sell investment-linked insurance are drivers.

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IAG sees ‘limited’ Asia opportunities

IAG sees ‘limited’ Asia opportunities

The Australian group is conducting a strategic review of its US$630m investment in the region.

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Great Eastern mulls expansion in Indonesia, Thailand

Great Eastern mulls expansion in Indonesia, Thailand

The insurer’s goals include becoming one of the 10 biggest insurers in Indonesia within the next five years.

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Thai Life eyes Cambodian market

Thai Life eyes Cambodian market

Thailand’s third-largest life insurer has plans to expand into neighbouring South-East Asia markets.

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Chubb makes senior appointments in Thailand

Chubb makes senior appointments in Thailand

Nittaya Piriyathamwong will chair the executive committee of Chubb Samaggi while Edward Kopp becomes country president.

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Muang Thai Life plans more regional expansion

Muang Thai Life plans more regional expansion

It will focus on Myanmar, Indonesia, Malaysia and the Philippines after the success of JVs in Indochina.

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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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