The launch is expected to support Sompo's efforts to expand access to syariah-based protection as Indonesia's insurance sector moves towards higher minimum capital requirements.
Steady flows of higher-margin protection business feed the largest in-force contractual service margin among Korean life insurers, underpinning stable insurance profit.
Malaysia’s RHB says talks on selling its insurance arm have made “meaningful progress”, but the parties still need to finalise the transaction terms and documents.
Fairfax said Digit and IIFL Capital would retain their existing management teams while gaining access to IDBI Bank's customer base and distribution network.
