{
    "success": true,
    "data": {
        "id": 1539927,
        "msgid": "allianz-enters-philippines-1447893297",
        "date": "1997-05-30 00:00:00",
        "title": "Allianz enters Philippines",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Allianz enters Philippines SINGAPORE (Reuter): German insurance giant Allianz AG said yesterday it had signed a joint venture deal to set up a life insurance unit in the Philippines. Allianz said in a statement it had signed the deal with Philippine Pioneer Life Assurance Corp. No details were disclosed about the scale of the investment Allianz was making in the venture, nor the percentage stake in the company, to be called Pioneer Allianz Life Assurance Corp.",
        "content": "<p>Allianz enters Philippines<\/p>\n<p>SINGAPORE (Reuter): German insurance giant Allianz AG said<br>\nyesterday it had signed a joint venture deal to set up a life<br>\ninsurance unit in the Philippines.<\/p>\n<p>Allianz said in a statement it had signed the deal with<br>\nPhilippine Pioneer Life Assurance Corp.<\/p>\n<p>No details were disclosed about the scale of the investment<br>\nAllianz was making in the venture, nor the percentage stake in<br>\nthe company, to be called Pioneer Allianz Life Assurance Corp.<\/p>\n<p>Philippine insurance law stipulates that 40 percent is the<br>\nmaximum holding a foreign firm can have in a domestic insurer.<\/p>\n<p>The move brings Allianz into a little-tapped market of about<br>\n66 million people and an annual life premium volume of US$900<br>\nmillion.<\/p>\n<p>Analysts predict premium growth in the Philippines life branch<br>\nto be about nine percent up to the year 2000.<\/p>\n<p>Allianz has been strengthening its position in Asia and is<br>\nactive in Hong Kong, Indonesia, India, Japan, Singapore,<br>\nMalaysia, Vietnam, Thailand, Australia, China and South Korea.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/allianz-enters-philippines-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}