Insurance
Singlife ramps up interest rates of flagship digital savings plan
Singlife ramps up interest rates of flagship digital savings plan
Half of Singaporeans find it hard to meet conditions for maximum interest rates on savings accounts.
United Overseas Insurance profits surge 55% YoY FY’23
Earnings per share during the year was 47.85 Singaporean cents.
S’pore Reinsurers’ Association becomes founding member of global advisory council
The council aims to increase efficiencies and digital readiness among stakeholders.
S’pore’s life industry dips 3.9% YoY in weighted new business premiums 2023
Fourth quarter 2023 saw an increase in the uptake of both annual and single-premium products.
Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.
S’pore regulator proposes simplified process for affordable insurance policies
MAS now proposes to reduce information requirements for term life insurance and standard critical illness policies.
CapitaLand sells 95% stake in Capital Square Beijing to AIA in S$447m deal
The property is located in the Central Business District (CBD) in Chaoyang District.
MS Amlin renews Singapore Cat Bond
The development comes after the increasing natural disaster risk environment in the region.
Sun Life expands private health services to HNW market
High-net-worth clients in Hong Kong, Singapore and Taiwan will have access to US-based PinnacleCare.
Seven out of 10 workers are stressed amid lack of employer support
The support for mental health has diminished as businesses shift focus post-pandemic, despite continued high stress levels among workers.
Budget Direct Insurance eases GST burden, also adopts Singpass Mobile
E-vouchers with 9% GST savings will be offered when customers purchase a new car or motorcycle plan online.
Kita extends carbon insurance specialities in Singapore
It aims to offer carbon insurance products that aid carbon projects, carbon credit buyers, and intermediaries in the market.
HDI Global gets new SG branch managing director
Alex Tarantino will take the role of managing director for the SG office, whilst Andrew Cochrane will take over his current role.
Bridge Specialty International acquires Singaporean insurance brokerage business
The transaction is expected to finish in the first quarter of 2024.
S’pore-based Igloo expands Weather Index Insurance coverage in Vietnam
The insurance will be integrated with Mobifone's agricultural application, MobiAgri.
Income Insurance shares enter private securities exchange through partnership
Digital securities exchange for alternative assets in Southeast Asia, Alta, has partnered with PhillipCapital to launch this new venture.
WTW reveals two new appointments in Singapore team
Ernest Heng has been appointed as the head of specialty whilst David Ng as head of client services in Singapore.
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Commentary
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