Insurance
Singapore’s life insurance industry down in first quarter
Annual premiums surged 24.7% on a quarterly basis.
Singtel, Etiqa offers Singtel Bill Protect for retrenched Singaporeans
Eligible customers could use the insurance plan to cover accidental death.
Only 3 in 10 Singaporeans have a retirement plan
Surprisingly, the top personal finance goal of 63% of Singaporeans is to save for retirement.
Manulife US Reit says lenders mainly from Singapore’s local banks
The life insurance company said none of its lenders is US-based.
UNDP appoints MAS executive director as SIF chair
He replaces Bank of England’s Anna Sweeney.
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.
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