Ageas to invest €137m in Taiping Pension.

Ageas, a Belgian multinational insurance company, agreed to invest €137m in Taiping Pension, a Chinese state-owned financial and insurance group. “We look forward to working alongside our long-standing partner to offer pension solutions to the Chinese people. As a country facing significant demographic challenges driven by an aging population, resulting in a rapidly increasing demand for retirement savings products, we view this as a very exciting opportunity to engage in a market that has been prioritised by the Government. We are convinced the development of the private pension market holds potential for growth and that it will be a positive contributor to the future development and performance of Ageas,” Hans De Cuyper, Ageas CEO.