UOB reviewing insurance deal with Prudential


SINGAPORE: United Overseas Bank Ltd is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said.

UOB has been soliciting ideas from potential advisers regarding its life insurance tie-up with Prudential, including ways to get more value out of the operations, said the people, who asked not to be identified because the information is private. Possibilities include renewing its agreement with the London-based insurer, which started in 2010, or looking for another partner, the people said.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Greatech Technology's net profit improves to RM154.99mil in FY24
Sime Darby Auto Connexion invests RM16.6mil in 3S centre in Penang
Taiwan's ASE opens 5th semiconductor plant in Penang
EXIM Bank appoints Nurbayu as president and CEO
Eco World buys remaining 40% in Paragon Pinnacle
Able Global CEO and chairman released from MACC remand
MyEG optimistic about long-term growth, plans AI and blockchain expansion globally
Sunzen disposes of loss-making animal health subsidiaries for RM17.3mil
Glostrext posts record net profit and revenue in 9MFY25, surpassing FY24 totals
Deleum wins contract from PETRONAS Carigali

Others Also Read