Insurance
AIA Singapore reports 15% rise in VONB for FY 2024
AIA Singapore reports 15% rise in VONB for FY 2024
Annualised New Premium also rose by 52% YoY.
MSIG USA expands political risk insurance with Asia partnership
This combines MSIG USA’s underwriting expertise with regional market knowledge.
Singapore life annuity insurance market to grow by $603m by 2028
The attractiveness of fixed annuities has been a key driver.
Great Eastern’s FY 2024 earnings surge 30% YoY
EPS was at S$2.10.
Manulife, Maybank unveil new retirement investment plan
The plan utilised a glide path approach, which adapts to a client's evolving needs.
Singapore’s general insurance market slated for 6.4% in 2025
Thanks to regulation, economic growth, and demand for private health insurance.
Why a third of Singaporean SMEs don’t use cyber insurance
Amongst those without coverage, half considered purchasing a policy.
UOI proposes $8.9m final and special dividends for FY2024
If approved, the dividends will be paid on 16 May.
Singapore's life insurance workforce shrinks by 2.3% in 2024
Higher demand was noted in integrated shield plans and riders coverage.
How did Singapore’s life insurers fare in 2024?
The industry's growth was influenced by higher demand for annual premium products.
Prudential to potentially list India-based ICICI Pru AMC
The net proceeds will be returned to shareholders if followed through.
QBE underwrites CyberFender for Singapore SMBs protection
It protects against security breaches, interruptions, and cyber extortion.
36% of Singaporeans opt for extra coverage beyond work insurance
However, 90% of Singaporeans already own medical insurance.
1 in 2 S’poreans turn to insurance for financial security
For 2025, 22% of residents are expected to spend more on insurance.
4 in 5 S’poreans prioritise financial control as economic sentiment looms
Inflation and cost of living remain the top economic concern for Singaporeans.
Etiqa launches Singapore’s first takaful insurance product in years
Demand for Islamic financial products from the Middle East and Southeast Asia is growing.
Great Eastern exploring options for free float requirements compliance
SGX gave the insurer until 25 May.
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