Ergo, towards new acquisitions in Asia

Ergo, direct insurance subsidiary of Munich Re, began a strategy of expansion in Asia. The company that is preparing to make acquisitions in Thailand, Malaysia, Indonesia and the Philippines, intends to fulfill a fivefold increase in its turnover in the region by 2020. The latter will increase from 523.6 million USD to 2.81 billion USD.

Present since 2007 on the market of the Indian general insurance, Ergo will soon begin its life activity in the country in partnership with Avantha Group.

In China, Ergo already operates in life insurance through 450 agents established in the Shandong region.

As a reminder, the German insurer acquired in 2014 all of the non life insurer Singaporean CHS.