Business-to-consumer ecosystems could turbo-charge the growth of insurance in Asia. Trouble is, partnerships often fizzle out due to insurers’ old-fashioned wiring and inflexible cultures. Time for a reboot.
Japanese firm was the dark horse in race to buy CBA’s stake in a Chinese life insurer. While it celebrates its surprise win, it will do well to remember clinching the deal is just the opening skirmish in a battle to crack the market.
Two leading Hong Kong conglomerates, AIA Company and NWS Holdings, join CICFH as lead strategic investors in the Tencent-backed internet healthcare platform.
FWD’s CEO Huynh Thanh Phong talks about why he is buying a Japanese insurer from AIG and how it fits into the insurance platform he is building across Asia.
Mainland firms are looking to diversify offshore as the renminbi depreciates, with the goal of helping wealthy Chinese individuals buy financial products in Hong Kong.
The Hong Kong bank has structured its bancassurance auction to attract the most suitors possible but China’s capital account crackdown has cooled some of their ardour.