Saturday, November 18, 2017

Thailand

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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SEG aims for third spot in Thai market

SEG aims for third spot in Thai market

Southeast Insurance and Financial Group is aiming to become one of the country’s top three players.

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Siam Commercial Bank courted for its life business

Siam Commercial Bank courted for its life business

The Thai bank has reportedly received proposals from a number of investment banks, with an expected valuation of US$3bn.

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Generali Group strengthens Thai operations

Generali Group strengthens Thai operations

The company plans to boost its premium income tenfold, to become one of Thailand’s top 10 players.

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Thailand mulls mortgage insurance to cut credit risks

Thailand mulls mortgage insurance to cut credit risks

The finance ministry has asked the ADB to help study its plan to reduce credit risk and allow lenders to expand credit.

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Zuellig eyes 49% stake in FPG Insurance Thailand

Zuellig eyes 49% stake in FPG Insurance Thailand

The company says Thailand offers huge potential because of its comparatively low insurance penetration.

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Hiscox selling DirectAsia business in HK

Hiscox selling DirectAsia business in HK

The specialty insurer will focus on its operations in Singapore and Thailand, where it sees greater growth opportunities.

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Thailand considers making crop insurance mandatory

Thailand considers making crop insurance mandatory

The government wants to protect the country’s farmers from the impact of natural disasters.

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Thailand exempts insurers from foreign business licence

Thailand exempts insurers from foreign business licence

The government is making it easier for foreign financial firms to operate in the country, says Baker & McKenzie.

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Thai life firms bullish on higher growth in 2016

Thai life firms bullish on higher growth in 2016

The Thai Life Assurance Association forecasts that GDP growth will help boost premium income by 9%.

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Thailand’s life industry to grow at least 10% this year

Thailand’s life industry to grow at least 10% this year

A government stimulus packages launched during the fourth quarter of last year will provide a boost.

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Thailand to ease foreign investment rules

Thailand to ease foreign investment rules

Foreign investors will no longer need approval to hold more than 50% in the country’s local insurers.

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