Insurance
CPF SMRA interest rate drops to 4% in Q1 2025
CPF SMRA interest rate drops to 4% in Q1 2025
This is due to a decrease in the 12-month average yield of 10-year Singapore Government Securities.
Singlife Connect 3.0 launched to build 'Beyond Insurance' ecosystem
It seeks to create integrated solutions in health, lifestyle, and financial literacy amongst others.
Manulife SG unveils two industry-first collaboration for cancer care, gut health
It will offer liquid biopsy for cancer care and gut health screening.
Singlife appoints Amundi for its low carbon transition strategy
The company will allocate 20% of its public equities for Amundi to manage.
Top 50 list shows worsening dip in Singapore’s insurance premiums
The thriving nonlife business offset life insurance’s poor showing in 2023.
Singapore general insurance market to reach $8.1b by 2029: report
The industry is expected to grow by 8.0% in 2024.
MSIG, Silversky and Stere Asia partner for pet insurance offering
Silversky Protect is underwritten by MSIG.
bolttech partners with Thai postal service giant for motor insurance coverage
Customers can access the policies by scanning a QR code on receipts from post office transactions.
SG insurers see growth in new business premiums and asset holdings
However, higher interest rates could constrain new business growth and increase policy redemptions.
Singaporeans rely on CPF as primary source for healthcare future financing: report
Gen X and Baby Boomers were found to rely on CPF the most.
MAS updates rules on life insurance product launches
The changes aim to ensure adequate regulatory oversight.
Singapore’s life insurance slated for $43b premiums in 2029
Due to the ageing population, health awareness, and consumer spending.
S’pore’s NTU develops AI model for affordable farmer insurance
It could improve policyholders’ wealth by nearly 5% whilst being 37% cheaper.
FIDReC reports 45% YoY rise in claims for FY2024
64% of the completed claims were filed against banks, finance companies, and credit bureaus.
Prudential launches AI lab in Singapore
Employees have submitted over 100 AI use cases since its soft launch in August.
Allianz-Income merger in limbo as parties weigh new rules
A CEO said there is no guarantee that any transaction will take place.
ICCSC launches plan to boost insurance trust in Singapore
Trust indicator scores for general insurers were between 73 and 76.
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