AIA Thailand on diversification drive
The Hong Kong-based insurer's Thai operation is boosting its exposure to offshore corporate bonds and domestic property following rule changes late last year.
Significant allocation shifts are on the cards for Thai insurance firms, and Hong Kong-based AIA's business in the country looks to be at the forefront of such moves.
Following regulatory changes in October last year widening the range of investable assets for Thai insurers to include domestic property and lower-grade foreign corporate bonds, some firms have taken action.
AIA Thailand, with around $20 billion in AUM, is certainly doing so. So far it is thought to be the country’…
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