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Article: What price insurers?
- Article from:
- New Straits Times
- Article date:
- September 1, 2008
- Author:
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Jeeva Arulampalam
New Straits Times
09-01-2008
What price insurers?
Byline: Jeeva Arulampalam
Edition: Main/Lifestyle
Section: Business Times
Type: News
INSURANCE takeovers are not rampant as settling on the right price seems to be the biggest wedge, say industry players.
"For locally owned life insurance companies, the main issue is agreeing on the value of the stake that is being negotiated," said Uni.Asia Life Assurance Bhd chief executive officer Ooi Say Teng.
How one values a life insurer is significantly different compared with other industries.
Common yardsticks such as net asset value or price earnings ratio are not the best tools when the seller and potential buyer have substantially ...