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International

Singaporean insurers likely to benefit from Asean Economic Community

April 16, 2015 Reprints

Insurers in Singapore could expect more gains from the Asean Economic Community that will come into effect at the end of 2015, AsiaOne reported citing The Straits Times.

"Whatever happens in the AEC, however quickly it happens, insurers are starting to think about how they can expand beyond their national boundaries," A.M. Best Co. Inc. Asia Pacific chief executive Roger Sellek said. Mr. Sellek said that with the AEC on the agenda, an international credit rating is the "passport into adjacent markets" for the country's insurers and reinsurers.

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Singaporean insurers likely to benefit from Asean Economic Community

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