HSBC Life Singapore and Axa Singapore will merge operations to form the city-state's seventh-largest life insurer based on annualised new premiums.
Allianz, AIA, and AXA are set to compete with domestic players via wholly owned business and asset management firms in China.
Offshore life insurance companies are set to grow their businesses inside the country but will need to consider new national security issues and potential joint-venture disagreements.
Senior executives at the two life insurers shared how they and peers should adapt their investment portfolios ahead of Hong Kong's new risk-based capital regime.
The two insurers say they are heavily scrutinising their external partners as they eye investing opportunities in high yield, alternative assets and ESG, in a webinar hosted by AsianInvestor.
With spreads on Asian junk bonds having widened sharply, are they a good bet, despite widespread concern over expected corporate defaults in the coming months?