Country: Asean Page 117 / 137
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- November 2 2016
Negotiations extended for sale of Felda’s AXA Affin stake
Talks between Affin and the state-run planter’s stake will be allowed to extend for another three months.
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- November 1 2016
Allianz Malaysia approved to buy HSBC Amanah Takaful
Negotiations between all parties are expected to be concluded within the next six months.
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- October 28 2016
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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- October 27 2016
Insurance agents warned against referral fees
The Life Insurance Association of Singapore has said that charging referral fees is unethical.
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- October 27 2016
Axa Singapore’s life and general insurance units to merge
The consolidation will cost US$1 million and will affect the French insurer's health insurance setup in Singapore.
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- October 27 2016
Philippines’ mandatory nat-cat insurance under review
The Philippines’ Insurance Commission will review the proposed compulsory catastrophe insurance cover.
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- October 25 2016
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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- October 24 2016
Malaysia probes insurers for anti-competitive practices
Several firms are under investigation over price-fixing in the motor vehicle repair industry.
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- October 21 2016
Myanmar and India sign insurance cooperation
The MoU was signed in the presence of Narendra Modi and Aung San Suu Kyi.
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- October 20 2016
Malaysia’s insurance sector fails to meet expectations
Though the sector did expand at an annual 13.3% growth rate until 2010, in recent years it has remained flat.
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- October 19 2016
Takaful Malaysia posts 30% profit jump
Higher sales in family and general takaful businesses, as well as wakalah fee income, fuelled a 30% increase.
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- October 19 2016
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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- October 18 2016
Health-insured Singaporeans to face higher premiums
The moratorium on raising Integrated Shield Plan premiums will be lifted at the end of this month.
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- October 13 2016
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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- October 11 2016
Proposed tax hike will harm Philippine insurers
The industry will face another challenge if plans to increase value-added tax from 12% to 15% go ahead.
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- October 6 2016
Qatar Re gets licence for Singapore branch
The Monetary Authority of Singapore recently gave the Qatari reinsurer the green light.
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- October 6 2016
Sun Life seeks expansion into Singapore and Thailand
The move is seen as an opportunity to boost sales in a region where low penetration and faster growth are enticing foreign players.
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- October 6 2016
Prudential announces leadership shuffle
Singapore CEO Philip Seah will take on an executive position as senior adviser in Prudential Corporation Asia.
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- October 5 2016
Allianz Malaysia looking for strategic partners
The insurer is open to new deals as its bancassurance agreement with CIMB is set to end next year.
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- October 3 2016
Chubb makes appointments in its P&C business
Michael Frazer has been appointed as the new regional head of property, replacing Jason Keen.
