Insurance
SG justifies blocking $2b capital withdrawal in Income-Allianz deal
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.
Income-Allianz deal off on social concerns, says Singapore
The gov’t found no binding provisions in the deal to safeguard social mission post-acquisition.
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