Insurance

Sun Life Singapore launches life insurance package for Prudential clients

SunBrilliance Indexed Universal Life will be the first universal life solution plan for PFA clients.

Singapore’s life insurance industry dips 9.7% in 9M23

The life insurance industry reported a YTD total of S$3.5b in weighted new business premiums.

WTW opens APAC Climate Risk Centre in Singapore

It concentrates on evaluating and quantifying both physical and transition climate risks.

ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY

VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.

Manulife Singapore targets rapidly growing high-net-worth market

New data suggests young beats old in appetite for investments.

20% of Singapore’s motor insurance claims are fraudulent – GIA

One of the biggest insurance frauds in Singapore falsely claimed about S$1.6m.

MSIG bolsters EV coverage in Singapore

Electric vehicle usage in Singapore surged 200% since 2021.

CapitalSG acquires majority stake in a digital health and insurance company

As part of the investment, BIMA MILVIK's holding company has relocated from Sweden to Singapore. 

United Overseas Insurance’s profit more than doubles in 9M23

Year-to-date, net earnings reached S$18.3m in September versus the S$8.2m last year.

Liberty Mutual Re names Alex Koh as senior underwriter in Singapore

Koh will be managing and expanding LM Re's existing reinsurance portfolio.

Singapore’s general insurance industry to hit S$7.35b in 2028

The industry will grow at a compound annual growth rate (CAGR) of 5.8%.

One in four young seniors do not have a ‘robust retirement plan’: study

Research on Successful Ageing (ROSA) said only 27% have a “robust retirement plan.”

AXA XL boosts Singapore team

Her role as an underwriter will oversee the management of risks in political violence and terrorism.