Australian financial services major, AMP has reaffirmed its long term commitment to AMP Sanmar, the life insurance joint venture in India. AMP, in the recent past has been impacted by falling global investment markets, particularly in the UK.
The significant market downturn in the last few years has caused AMP to reassess its strategy and business development to be more aligned with the current market conditions.
In its strategic review, AMP has also considered its Asian strategy and has strongly confirmed its commitment to AMP Sanmar in India. In a press statement AMP said that it strongly supports businesses such as AMP Sanmar, which are closely aligned with the proven business models established in Australia.