Insurance
Singapore's general insurance market rises 15% to $9.34b in 2022
The strong uptake in the domestic market contributed to the growth.
Koh Beng Seng bows out as Great Eastern chairman
He will step down from the post on 21 April.
Prudential’s new business profit drops to US$2.18b in FY22
The insurer attributed the decline to higher interest rates and business mix effects.
AIA Group VONB dips 5% YoY
But, its VONB for 2H2022 rose to 6%.
Government urges non-citizens, non-permanent residents to close CPF accounts
Over 300,000 accounts will be affected
UOI names Wee Ee Cheong as new company Chairman
He will replace his father, Dr. Wee Cho Yaw, who will be retiring on 14 April.
Great Eastern’s profit attributable to shareholders dips 12% to $780.9m in 9M22
The decline was due to lower valiant of investment in the shareholder’s fund.
Parkway Life Reit acquires 2 Japan nursing homes for $29.4m
The transaction initiates a new collaboration with Daiwa House.
Almost half of Singaporeans believe they won't be able to retire comfortably
About 84% of them are worried about finances post-retirement.
Chart of the day: Industrial property sales declines 30.2% in Q2
Multiple user factories remain the most popular for being affordable.
NTUC Income to cover 54,000 students in expanded insurance cover scheme
The free insurance cover is available to eligible students from low-income families.
Chart of the day: Singapore leads APAC peers in sustainability reporting
Most Singapore companies adopted international guidelines for reporting.
2 in 3 Singaporeans worried about losing job due to illness or disability
More than half do not have disability income protection.
Singapore life insurance new business premiums dips by 2% in Q1.
New business premiums totaled S$1.21b for the first quarter of the year.
Singapore risks protection gap for older population
Prudential and Income are working together to close protection gaps, particularly in the area of long-term care.
Great Eastern Q1 shareholder profits plummets by 50%
The firm blames less favourable financial market conditions.
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SG60: What the next 10 years have in store for Singapore’s investment landscape