Insurance
New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings
Although the framework could raise operational costs, it will run some benefits.
New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings
Although the framework could raise operational costs, it will run some benefits.
Singlife inks deal with AIC, Homage for long-term care
Singapore is currently facing the challenge of rapid aging.
MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements
The four initial insurers are to face a 25% capital add-on, boosting higher and lower supervisory intervention levels, CET1 and Tier 1.
Great Eastern collaborates with telco for home insurance plan
The insurer and Singtel unveiled a plan which covers various residential housing types.
Singlife becomes co-seed investor of BlackRock’s ETF
The Climate Action ETF is valued at US$426m.
Home and auto insurance customer experience more flat in 2023: Forrester
There is a need for insurers to pivot or refresh their CX strategies to enhance competitiveness.
Critical illness protection gap shrinks whilst mortality coverage stays the same: Study
Despite the gaps recorded, the industry has performed better in 2022 than in 2017.
Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue...
Chubb names two new division heads
They will both report to Hng Keng Yoong, Chubb’s Singapore president.
MAS-licenced MoneyOwl to wind down financial advisory business
The company found that its advisory business is not financially viable.
Prudential expands 39% YoY in new business profits for first semester
Outlook for the region remains mixed.
Great Eastern and Intellect launch 24/7 mental health helpline for employees
This provides employees with personalised and immediate guidance.
Prudential names new CEO for Eastspring Investments
In the near future, a new CIO will be appointed.
Gen ‘Z’ to change the course of insurance: Igloo
The emerging trends include embedded insurance, pet insurance, and gaming insurance.
SG’s Income Insurance, Swiss Re reveal first post-cancer term option
The coverage is available to patients aged 74 to 54 years old.
AIA sees new business value jump 37% YoY in the first semester
This was mainly driven by the economic reopening in China and Hong Kong.
Insurance is not top priority amongst Singapore’s Gen Zs and millennials: Poll
Only 20% have thought of retirement plans whilst 14% are interested in insurance.
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