Insurance
S.K.’s FSC raises KRW73.8t in policy funds for venture capital in FIs
This exceeded the initial supply plan of 66.7% by August and achieved 80.4% of the annual target.
S.K.’s FSC raises KRW73.8t in policy funds for venture capital in FIs
This exceeded the initial supply plan of 66.7% by August and achieved 80.4% of the annual target.
MAS-licenced MoneyOwl to wind down financial advisory business
The company found that its advisory business is not financially viable.
Alipay+, Malaysia’s PayNet ink deal for smooth digital payments
This further expands the regional cross-border digital payment plan of Alipay+.
China taps banks to bolster cross-border trade, offer financial support
Additional support will be provided for export-related credit insurance.
Lexasure engages in partnership for auto insurance
The partnership aims to service Singapore and Cambodia’s markets.
Hong Leong Bank, Chubb Life collaborate to offer life insurance in Vietnam
The bank’s range of life insurance solutions is in line with its goal of financial inclusion.
CIMB collaborates with Sun Life and CTOS, to introduce ASB financing solution
It aims to amplify financial literacy amongst Malaysians.
AXA, Carbon Wallet partner to reward green lifestyle
This partnership incentivises actions toward a sustainable lifestyle.
FWD and SCB add 2 years to Thailand bancassurance contract
The collaboration with SCB has the largest contribution to FWD Thailand’s business.
BEA completes sale of insurance and healthcare business
Both were sold to AIA Group.
Crédit Agricole CIB announces new senior hires for APAC
The hires are for the Debt Origination and Advisory department.
Taiwan bad loans climb to $2.24b in February
NPL ratio of all 39 domestic banks also increase to 0.18%.
Tonik hires former Google and Facebook exec
He will take on the role of Chief People Officer.
Thailand bars use of cryptos as mode of payment
The government said that digital assets are a threat to the nation’s financial system.
Barclays appoints new regional corporate banking chief
The new head will handle both Asia and Middle East divisions.
Manulife, DBS launch flexible retirement product in Singapore
RetireSavvy allows Singaporeans to adjust their retirement plans.
AIA Hong Kong, Bank of East Asia launch bancassurance partnership
They launched seven products that provide comprehensive life, critical illness, savings, and retirement protection.
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