Warburg Pincus-backed insurer sees more M&A in SE Asia

Tougher regulatory requirements on capital held by insurers in different markets in Southeast Asia will increase pressure on entities to consolidate, a veteran industry executive said. "These increasing capital requirements are a clear signal from regulators that they are encouraging only serious, long-term insurers in the industry," Abhishek Bhatia, founder and group CEO of Oona Insurance told AsianInvestor. “The stringent nature of these requirements may lead to consolidation …