Charles Taylor Adjusting (CTA), an international loss adjusting business, has expanded its Natural Resources capability in Asia with the opening of a new office in Vietnam. This strategic expansion allows CTA to offer technical loss adjusting services across mining, power and energy business sectors, with a focus on renewable energy, both onshore and offshore, not only in Vietnam but also across the wider Greater Mekong sub-region including Cambodia, Myanmar and Laos.
The insurance market in Cambodia, Laos, Myanmar and Vietnam (CLMV) has a bright outlook, with double-digit growth opportunities, according to the Thai General Insurance Association (TGIA).
This year's Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony on 26 July saw 16 winners from seven markets celebrated for their contributions to the life insurance industry. The winners were chosen from 65 finalists shortlisted from 222 nominations from 12 markets. Due to the uncertain nature of the COVID-19 pandemic, the organisers have chosen to hold the awards presentation virtually.
Ninety percent of Southeast Asia's 650 million people live in areas where particulate pollution exceeds the WHO guideline, says the Air Quality Life Index (AQLI) report released earlier this week by the Energy Policy Institute at the University of Chicago.
Power companies are facing challenges arising from energy transition and the move to cleaner fossil fuels, according to Willis Towers Watson's (WTW) 2021 Power Market Review. These include how power companies need substantially to reduce their greenhouse gas (GHG) emissions (referred to as climate change mitigation) as well as ensuring the resilience of their assets and operations to the impacts of climate change (referred to as climate change adaptation).
Judges gathered online on the 6 May 2021 to deliberate and vote on worthy winners drawn from an impressive shortlist in the final round of judging for the 6th Asia Trusted Life Agents & Advisers Awards.
The five foreign life insurance companies in Myanmar have pledged to continue providing financial services and serving customers in the country's current political situation.
Prudential Myanmar Life Insurance and Yoma Bank have announced an exclusive partnership for bancassurance services after receiving regulatory approval from the Myanmar government.
The Myanmar government is calling for Expression of Interests for life insurance and general insurance licences from citizen-owned firms. Those interested will be vying for one life insurance licence and one general insurance licence.
AIA, AYA SOMPO and AYA Bank have entered into a strategic partnership to enable broader access to innovative insurance products and services for the people of Myanmar.