Prudential has a rich and extensive history in Asia and has maintained a continuous presence in the region for more than 80 years.
In 1923 Prudential began its first overseas life operation in Calcutta, India, with the first policy being sold to a tea planter in Assam. General insurance agencies were appointed in China and the Philippines throughout the 1920s, while the life insurance business soon expanded to Malaya (1924), Singapore (1931) and Hong Kong (1964).
Prudential Corporation Asia was formed in 1994 with the objective of developing our established markets of Malaysia, Singapore and Hong Kong, and pursuing value-creation opportunities in the region's many high-potential markets.
Prudential rapidly extended its life business in Thailand, Indonesia, the Philippines, India, Vietnam, Taiwan, China, Japan and Korea. In 2013 we began life insurance operations in Cambodia.
In China and India, two of the world's fastest-growing economies, the company has formed joint venture partnerships with CITIC Group and ICICI Bank respectively for our life insurance and fund management businesses.
Prudential's Asian asset management business, Eastspring Investments, manages investments across a broad range of asset classes for internal, retail and institutional clients.