Muang Thai Life set to revise asset allocation
The Bangkok-based firm expects the local regulator soon to broaden the types and amount of foreign investments that domestic insurers can make, and is ready to revise its allocation.
Bangkok-based Muang Thai Life Assurance is eyeing further investments overseas and in alternative assets, but is awaiting industry deregulation before it can proceed, AsianInvestor has learned.
The wait may not be too long, as local insurers are in talks with the Office of the Insurance Commission (OIC) about expanding investment options, said Sutee Mokkhavesa, senior executive vice president of risk and strategy at Muang Thai Life.
Of the firm's $10 billion in assets under mana…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.