China Taiping Insurance Singapore eyes regional growth, wealth management

Singapore

CHINA Taiping Insurance Singapore has launched its life insurance business here citing the significant market for savings, retirement and protection products fuelled by increasing wealth in the Asia-Pacific.

Owned by China's fourth largest life insurer, China Taiping Insurance Singapore got its licence from the Monetary Authority of Singapore as a composite insurer to carry on life insurance and general insurance business last August. This makes the firm one of eight composite insurers in Singapore.