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International

Insurers urged to explore business opportunities in Southeast Asia

October 02, 2014 Reprints

Lim Hng Kiang, Singapore's Trade and Industry minister, has said that there is a strong need for insurance in Southeast Asia and insurers should explore these business opportunities, Seatimes.com.vn reported.

Mr. Kiang said insurance can tackle risks related to transport and disasters, thereby indirectly strengthening the regional financial instability. Developing a legal framework in Southeast Asia would be helpful in cross-border insurance, Mr. Kiang said.

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Insurers urged to explore business opportunities in Southeast Asia

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