SINGAPORE: Asia's insurance industry is set to boom thanks to rising incomes, a growing middle class and ageing populations, explaining the allure behind Prudential's costly bid for AIA, analysts said. And cultural biases that have made insurance a taboo subject in Asia, because of its association with death, are also fast disappearing, they said. "The prospect for growth is tremendous," said Francis Koh, a finance professor at the Singapore Management University. "The income levels of most...
Full Story: The Times of India
