Insurance
Allianz plans to acquire majority stake in Income Insurance for $1.64b
Allianz plans to acquire majority stake in Income Insurance for $1.64b
This is also equivalent to a 51% majority stake in the SG-based insurer.
Income Insurance continues talks with Allianz
It announced its interest in a transaction last 14 June.
Health insurance essential, but too much can rack up prices: MOH
With rising claims, insurers are barely profiting from health insurance.
IRAS, MAS revise tax treatment of insurance reserves
Previously, reserves were non-deductible as estimates of contingent liabilities.
Sumitomo Life's Singlife purchase tops SEA acquisitions in H1 2024
The acquisition valued the Singaporean insurer at S$4.6b.
FWD Singapore, Income Insurance partner amidst EV demand
Existing motor policies at FWD Singapore will remain unaffected.
Tokio Marine opens new financial advisory arm in Singapore
The life insurer aims to offer a more integrated financial service experience.
Prudential Singapore gets new CEO
She will also manage Prudential Financial Advisers Singapore.
Income Insurance in talks with Allianz over shares
The transaction is not, in any way, final.
Manulife prices S$500m notes due 2034
The notes have a fixed 4.275% interest rate.
Singaporeans see kids as “great investments” for retirement: Manulife
Saving up for retirement is not a top priority for young individuals.
Singlife cuts costs by $4m yearly with AWS integration
At least 70% of its staff earned at least one AWS certification.
Prudential Singapore unveils indexed universal life plan for HNWs
This plan aims to provide coverage against market uncertainties.
Zurich Insurance Singapore apoints new claims chief
Graves has been with Zurich for eight years.
NTU and GAIP launch AI-focused insurance competition
The competition offers a total prize pool of S$20,000.
MAS crackdown exposes dishonesty amongst ex-agents
These agents were representatives of Prudential and Manulife.
Singlife launches new digital wealth booster
The plan offers a guaranteed annual yield of 3.25%.
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SG60: What the next 10 years have in store for Singapore’s investment landscape