Asia:
Bancassurance is growing in many Asian markets, boosted by deregulation of the banking sector and
insurance companies intending to optimise distribution via banks, according to a report by the US-headquartered research and advisory firm, Celent, titled "Bancassurance in the Asia-Pacific Region: Replacing the Agency Distribution Model".
Is this situation holds true in Malaysia ?? I believe so with so many local/foreign banks offering bancassurance products to its high customers base in Malaysia.
Can you find any disadvantages with bancassurance?
Australia: AMP makes renewed offer for AXA Asia Pacific
AMP, Australia's second biggest asset manager, has launched a new offer for AXA Asia Pacific, valuing the
latter at more than A$13 billion (US$12.8 billion), which is about 20% more than an initial offer that was rejected a year ago. If the new offer is accepted, AMP will hold the number one market position for risk insurance, retail superannuation and retirement income in Australia. In New Zealand, AMP will be No. 1 in the growing corporate superannuation market.
Taiwan: Regulator eases infrastructure investment rules for insurers
Taiwan's Financial Supervisory Commission has amended insurance regulations to allow insurers to increase their investment in companies involved in public infrastructure projects, reports Taiwan Today.
China: Shipping-related insurance business booms in Shanghai
Shanghai's shipping and cargo insurance business has grown far ahead of the national average as the city
taps its potential as a shipping hub, according to the Shanghai-based Eastday information portal citing the city's insurance regulator.
Asia Insurance Review 16/11/2010
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