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Nationwide Continues Talks for Possible Thai Tie-Up.
Byline: Wichit Chantanusornsiri
Nov. 3--The Government Pension Fund, Dhipaya Insurance and the Government Savings Bank (GSB) have expressed interest in joining together to invest in a local life insurer, given the strong long-term growth prospects of the industry, according to Finance Ministry sources.
Dhipaya has long signalled an interest in expanding its operations beyond non-life insurance into the life insurance sector.
The state-owned GSB meanwhile already offers limited life insurance services, but faces limitations in terms of staff, technology and product know-how to fully compete with leading private insurers.
For the ...
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Source: HighBeam Research, Nationwide Continues Talks for Possible Thai Tie-Up.