Insurance
ICCSC launches plan to boost insurance trust in Singapore
ICCSC launches plan to boost insurance trust in Singapore
Trust indicator scores for general insurers were between 73 and 76.
SG justifies blocking $2b capital withdrawal in Income-Allianz deal
This proposed extraction does not align with the representations made to MCCY.
CPFIS funds' annual returns rise to 14.71% in Q3
Its quarterly average return, however, fell to 2.54% from 3.11% in Q2.
Gov’t expands MediShield Life healthcare coverage, raises premium subsidies
The government will expand coverage for mental health and outpatient services and provide premium top-ups.
SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024
Q3 2024’s weighted new business premiums grew by 18.2% YoY.
SeaMoney and MSIG Singapore launch new travel insurance for SG-based travellers
The insurance also covers group travel.
AIA Singapore, Whitecoat expand partnership to address healthcare affordability
Medical costs in Singapore are set to rise nearly 10.7% in 2024.
Only 56% of S’pore graduates see insurance as appealing career choice
Seven in 10 said there was limited career growth in the industry.
Singapore blocks Income-Allianz deal due to social concerns
Government cites public interest and social mission concerns.
UOI profit before tax decline 2% to $22.1m in 9M2024
Still, its insurance revenue rose by 14% to $79.4m.
Great Eastern gets more time from SGX to restore public float
It has until January 2025 to meet the listing requirement.
High-income S’poreans grapple with retirement planning amidst rising financial needs
High-income retirees were overwhelmed by the rising cost of living and family support expenses.
Financial and planning gaps leave Singaporeans unprepared for retirement: report
Nearly half of Singaporeans start retirement planning too late.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
Specialist Risk Group expands to Asia, sets base in Singapore
A non-executive director has been appointed.
MediShield Life to hike premiums, claim limits, and coverage by 2025
The government will provide $4.1b for these enhancements.
NTUC Income ex-CEO backs gov’t decision to halt $2.2b Income-Allianz deal
The government cited public interest concerns for calling the deal off.
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Singapore’s digital confidence in the new retail era