ASEAN News

Credit Guarantee & Investment Facility Signs Inaugural Treaty Led by Munich Re

The Credit Guarantee and Investment Facility (CGIF)* announced it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich Re. This treaty, which incepted on Oct. 1, …

Malaysia Islamic Insurers Seek to Double Policyholders by Going Digital

Malaysia’s Islamic insurers are seeking to double policyholders in five years by investing more in digital technologies to attract a younger audience, according to the industry association’s head. Takaful operators should also step up educational campaigns to boost customers to …

ASEAN Open Market Will Benefit Region’s Insurance Industry: Best’s Report

While the planned year-end timeline for 10 Southeast Asia nations forging ahead under a single, open economic market appears to be slipping, the region’s insurance industry has reached common ground on the benefits of operating beneath such a model, according …

Tokio Marine Targets Asean for Expansion Abroad: Southeast Asia

Tokio Marine Holdings Inc., Japan’s second-largest non-life insurer, is seeking to expand in Southeast Asia as Japan’s shrinking population erodes its domestic market. The insurer plans to expand in life insurance, automobile coverage, reinsurance and asset management, President Tsuyoshi Nagano …