Chinese insurance firm eyes regional growth, wealth management

Mr Yang Yamei (left), general manager of China Taiping Insurance Singapore, and Mr Lance Tay, general manager for life insurance, at the inauguration of the company's life insurance business.
Mr Yang Yamei (left), general manager of China Taiping Insurance Singapore, and Mr Lance Tay, general manager for life insurance, at the inauguration of the company's life insurance business.PHOTO: CHINA TAIPING INSURANCE SINGAPORE

The significant market in Singapore for savings, retirement and protection products that is being driven by increasing wealth in the region has prompted China Taiping Insurance Singapore to start a life insurance unit here.

The company, which is owned by China's fourth-largest life insurer, received its licence from the Monetary Authority of Singapore last August to undertake life and general insurance business.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Sunday Times on January 20, 2019, with the headline 'Chinese insurance firm eyes regional growth, wealth management'. Print Edition | Subscribe