Allianz , Standard Life and Scottish Financial are among firms jockeying to acquire UK insurer Aviva 's Singapore and Malaysia units , according to anonymous insiders . The deal would be worth as much as £ 2bn ( $ 1 ) . Bloomberg said the talks are at an early stage and subject to change . Asia 's insurance market , worth $ 1.7tn in premiums , is set to make up 42 % of global premiums by 2029 , according to a report by the Swiss Re Institute .
Allianz, Nippon Life and Manulife Financial are among firms jockeying to acquire UK insurer Aviva's Singapore and Vietnam units, according to anonymous insiders. The deal would be worth as much as £2bn ($2.5bn). Sources said the talks are at an early stage and subject to change. Asia's insurance market, worth $1.7tn in premiums, is set to make up 42% of global premiums by 2029, according to a report by the Swiss Re Institute.