18 Jul '11, 3pm

Room for growth in Asia's insurance market- definitely. They can stop ambushing us at mrt stops and start at voiddeck

Room for growth in Asia's insurance market- definitely. They can stop ambushing us at mrt stops and start at voiddeck

SINGAPORE: Asia's insurance market is still largely untapped and industry players must continue to develop talents and understand the risks in the market. That's according to Deputy Prime Minister and Minister for Finance and Manpower Tharman Shanmugaratnam who spoke at the launch of the new offices of French insurer AXA on Monday. While Asia's insurance premiums are expected to grow 10 per cent yearly, the minister said longevity, environmental and socio-economic risks are also rising. French insurer AXA is keen to expand its business in Singapore and Asia. As part of its growth plans, AXA unveiled its new offices that will house more than 600 of its staff in general and life insurance. Located at 8 Shenton Way, the AXA Tower stands 235 metres with 52 storeys. AXA is also looking to grow its 2 per cent share in the life insurance market currently dominated by Prudential a...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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