Matthieu de Gaudemar

 

Bangkok Life Assurance expects to offer life insurance policies in Cambodia by the beginning of next year, according to Thai news outlets, adding to the list of international insurers looking to tap into the Kingdom’s nascent but potentially lucrative market.

 

The Cambodian government granted the Thai-based insurer a licence earlier this year, giving it a green light to set up a joint venture subsidiary in Cambodia with $7 million in registered capital, the reports said.

 

Bangkok Life holds a controlling stake in the new venture with 52 percent of shares, according to a company release. Indonesia-based PT Asuranci Central Asia holds a 25 percent stake, while Bangkok Insurance Plc owns 15 percent of shares and Asia Financial controls the remaining 8 percent.

 

read more http://www.phnompenhpost.com/business/thai-life-insurer-enter-local-market

 

 

-- © Copyright Phenom Pen Post 26/09

Own majority share -in a foreign country-  wow -  Thailand learn!!!