Country: Asean Page 125 / 135
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- January 18 2016
EastWest Ageas Life wins Philippines licence
Joint venture between EastWest Bank and Ageas has been approved by the Insurance Commission.
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- January 13 2016
AIA says Philippine business will be one of its top units
CEO Mark Tucker cited the growing economy and low penetration rate as reasons for optimism.
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- January 13 2016
Fairfax buys 35% stake in Vietnamese insurer
The insurance arm of Hanoi-based BIDV has sold up to 41 million new shares for an undisclosed sum.
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- January 13 2016
More foreign insurers looking to enter Philippine market
Local regulator says it has received a lot of interest after the successful entry of two foreign firms in 2015.
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- January 12 2016
Vietnam offers more social insurance incentives
Sweeteners include subsidies, elimination of age limits and more choices in payment terms.
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- January 12 2016
IKBZ plans Myanmar’s first online insurance platform
The company aims to launch its online platform this month to list its 11 different insurance policies.
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- January 12 2016
Eight nonlife insurers in the Philippines for sale this year
A new capitalisation requirement is encouraging a wave of consolidation among smaller insurers.
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- January 11 2016
Bank Rakyat Indonesia cancels sale of insurance arm
State-controlled lender has reportedly scrapped the sale of 40% stake in its life insurance arm.
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- January 11 2016
Lombard to offer insurance-based wealth solutions
The Philadelphia-based insurer will launch its brokerage business in Hong Kong and Singapore.
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- January 7 2016
Sompo beats rivals to enter Myanmar’s auto market
The Japanese insurer will write vehicle insurance in the Thaliwa special economic zone in south-east Yangon.
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- January 7 2016
DBS, Manulife officially launch US$1.2bn bancassurance deal
The deal allows the Canadian insurer to distribute its products in DBS branches across the region.
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- January 7 2016
Fitch forecasts growth for Malaysia’s takaful sector
After strong growth in 2015, the momentum will continue thanks to demographics and government support.
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- January 6 2016
Philippine central bank likely to raise insurance budget
The BSP is reportedly reviewing its insurance funds and could up its allocation from the current P3.65bn.
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- January 5 2016
Unclaimed insurance payouts in Singapore top 8,000
A total of 8,185 insurance payouts have not been claimed by policyholders as of September 2015.
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- December 31 2015
Malaysia market forecast to grow up to 5% in 2016
Figure in line with Government's 4-5% economic growth forecast for next year
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- December 30 2015
Indonesia to maintain premuim revenue growth in 2016
Life companies forecast to post a 20%-30% increase next year, according to AAJI
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- December 29 2015
Japan supports Myanmar in developing market
Up to US$40 billion of potential growth seen as Japanese firms assist with training programmes and expertise.
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- December 29 2015
Vietnam’s insurance industry invests US$6.7 in economy
Long term government bonds seen as popular investment among life and nonlife firms in 2015
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- December 23 2015
Allianz Buys 51% of PNB Life in the Philippines
The two firms also enter into a 15-year exclusive distribution partnership
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- December 21 2015
Muang Thai Life seeks approval for Cambodia JV
Thai life insurer embarks on its first life-insurance venture outside Thailand and expected to receive approval early next year.
