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Retail Asia04/04/2023

More than a dozen lenders achieved bancassurance revenues of over VND1 trillion ($42,633 million) from new customers last year, according to Vietcombank Securities. Bancassurance refers to insurance products sold through banks. Premium income from new customers increased by 45% during the year, and overall premiums at by 16%. Military Bank led with more than VND2.1 […]

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Retail Asia14/04/2022

Priceline Pharmacy has launched a unique health insurance brand and products in partnership with health fund nib. The launch of the health insurance products sees Priceline Pharmacy become the first pharmacy retailer to offer this to its customers. The cover includes all the stuff people would typically expect with private health insurance but the real […]

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Retail Asia28/02/2022

The government of our country recently created a goal of going “completely electric” to limit the spread of pollution. India is one of the first five countries globally which use conventional fuels. Due to this, the environment faces a grave threat, which is why electric scooters are being promoted more and more these days. Having […]

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Retail Asia27/01/2022

The Philippines’ leading airline, Cebu Pacifi upgrades its CEB Travelsure “Basic Protect” insurance product to now include “COVID Protect”, to inspire travel confidence amidst the current situation. CEB is the first local carrier to offer this type of enhanced coverage in one product. Starting January 13, 2022, CEB Travelsure “Basic Protect” becomes even more comprehensive […]

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Retail Asia05/11/2021

The Asia Pacific unit of Allianz has named a new chief executive officer to succeed Solman Altin, who has decided to leave the firm after first joining 13 years ago. Anusha Thavarajah has been named regional CEO of Allianz Asia Pacific, according to a statement. In her new role, Thavarajah has been tasked with delivering long-term […]

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Retail Asia27/07/2021

The firm has signed an agreement to acquire an Indonesia-based asset manager, where it aims to create an on-the-ground, market-leading setup to grow its footprint. Allianz Global Investors (Allianz GI) has announced plans to acquire Indonesia’s RHB Asset Management from shareholders RHB Banking Group and RHB Sekuritas Indonesia, according to a statement on Monday. RHBAM had $480 […]

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Retail Asia15/03/2021

The investment will be used to finance WeLab’s further expansion and, in particular, enable the ongoing development of its technological platform. Allianz X, the digital investment unit of Allianz, has joined the Series C funding round for WeLab, with a $75 million investment, it announced in a statement this week. The investment aims to enable […]

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Retail Asia10/03/2021

Zurich-headquartered insurer Chubb has appointed a new president for Australia and New Zealand. Chubb names Peter Kelaher country president for Australia and New Zealand, according to a statement, succeeding Jarrod Hill who is leaving the firm. Kelaher reports to Paul McNamee, senior vice president of Chubb Group and APAC regional president. Kelaher has 20 years of insurance experience and he […]

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Retail Asia24/02/2021

The specialty underwriting agency has appointed a new chief operating officer to support its burgeoning growth in Asia Pacific. Delta Insurance has expanded its management team, appointing current advisory board member Kent Chaplin as COO, the firm announced in a statement on Tuesday. Chaplin is no stranger to the industry and the region – he was formerly the CEO and head […]

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Retail Asia08/02/2021

Chubb, the world’s largest publicly traded property and casualty insurer has announced new appointments for its Asia Pacific property and casualty team. Commercial property specialist Alex Todd has joined Chubb as its head of property, a role in which he will be responsible for the growth and performance of its commercial property portfolio in Asia, the company announced on […]

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Retail Asia12/01/2021

AXA Insurance names a new managing director to lead its life strategic business unit, succeeding incumbent Sean Goh. Li Choo Kwek-Perroy joins as a managing director for AXA Insurance’s life strategic business unit, according to a statement, while Goh will leave the firm to pursue other opportunities. In her new role, Kwek-Perroy reports to Jean Drouffe, chief executive […]

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Retail Asia24/12/2020

Chinese firm ZA Tech Global is partnering Indonesian payments giant Ovo to offer Indonesian insurance companies access to its proprietary insurtech capabilities and applications. BCP, the holding company of Indonesia’s leading e-wallet Ovo, and ZA Tech Global, a technology venture for overseas markets of ZhongAn Online P&C Insurance, have announced a strategic joint venture to create […]

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Retail Asia01/04/2020

Standard Chartered on Monday said it will set aside $1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak. The lender plans to offer financing at preferential rates to firms that are manufacturers and distributors in the pharmaceutical industry, healthcare providers, as well as manufacturers of items such as […]

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Retail Asia20/12/2019

The acquisition aims to capitalize on the high demand for student housing in Australia, the third most popular country for international students. A joint venture comprising AXA Investment Managers – Real Assets, Allianz and APG have agreed to acquire Urbanest, a portfolio of student accommodation properties in four major Australian cities, AXA IM – Real Assets announced in […]

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Retail Asia11/10/2019

The authorities in both countries signed a Memorandum of Understanding (MOU) to strengthen cooperation in insurance supervision. The Monetary Authority of Singapore (MAS) and the Office of Insurance Commission (OIC), Thailand, on Thursday signed a Memorandum of Understanding (MOU) to strengthen cooperation in insurance supervision. This MoU is an important step which will provide OIC […]

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Retail Asia19/09/2019

Sun Life Asia appoints a new president with incumbent Claude Accum to step down and retire on December 31 this year. Léo Grépin will become the president of Sun Life Asia in 2020 which currently encompasses life, health and wealth management businesses in seven regional markets: the Philippines, Hong Kong, China, Indonesia, Vietnam, Malaysia, and India. Grépin […]

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Retail Asia18/04/2019

Mitsui Sumitomo Insurance Co., Ltd. (President: Noriyuki Hara, “MSI”), a member of MS&AD Insurance Group, sets up two Global Digital Hubs (“GDH”) in Singapore and Tokyo as bases to support global digitalization. In April 2018, MSI established a Digital Strategy Department to promote digitalization focused on enhancing customer experience and business productivity. In order to […]

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Retail Asia16/04/2019

Việt Nam’s insurance industry maintained positive growth in the first quarter of this year, with total premiums surging by 17 per cent year-on-year, according to reports from the General Statistics Office. Life insurance surged by 23 per cent, while non-life insurance increased by 9 per cent. According to the Ministry of Finance’s Insurance Supervisory Authority […]

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Retail Asia27/03/2019

General insurer MSIG Vietnam celebrated its 10th anniversary recently at the Sheraton Hanoi Hotel and Hotel Nikko Saigon (Ho Chi Minh City) on 11th and 12th March 2019 respectively. More than 500 partners, customers and staff attended the celebrations which mark the success of MSIG Vietnam that could only have been achieved with the strong […]

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Retail Asia21/03/2019

His key responsibilities include driving the expansion of the bank’s wealth planning, family office and insurance offerings, and providing holistic solutions and advisory for high net worth families. DBS Bank on Friday has appointed Lee Woon Shiu as Head of Wealth Planning, Family Office and Insurance Solutions at its private bank, it said in a press release on […]

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