After growing rapidly in Asia, Sun Life Financial is now looking to become more profitable in the region by selling more higher-margin protection products such as health and accident insurance.
The Canadian insurer expects its push will tip its China operations into the black by next year.
“So we’ve built scale and now we’re shifting to a more profitable mix whilst still trying to grow which is hard,” Sun Life's Asia President Kevin Strain said in an interview with FinanceAsia.
Sun Life is targeting an operating net income in Asia of C$225 million by 2015, up from C$157 million in...
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