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Great Eastern's net profit crashes 90% to $33.9m in Q1
Total weighted sales rose due to growth momentum in Singapore and Malaysia.
Great Eastern's net profit crashes 90% to $33.9m in Q1
Total weighted sales rose due to growth momentum in Singapore and Malaysia.
HSBC Life Hong Kong launches video-conference insurance service
Retail banking clients registered in Personal Internet Banking can opt in.
Singapore insurance regulators extend COVID-19 coverage to CCF, CRF patients
Patients may claim hospital cash benefits for a maximum of 14 days.
India's life insurance posts 32.2% drop in first year premiums for March
Life Insurance Corporation of India continues to lose its market share.
Great Eastern boosts digital tools amidst COVID-19 pandemic
Authorisation of policy purchases will be simplified.
Singapore insurance services to remain open amidst lockdown
The government has raised distancing measures against COVID-19.
Pandemic heightens Korean life insurers' asset risk
The average negative spread widened to 0.85% in H1 2019.
Prudential Singapore floats new hospitalisation plan
It grants access to more affordable public and private healthcare.
Hong Kong life insurers face uphill battle as pressures persist
Growth disruptions are expected to cause a 5-10% dip in total premiums.
Economic, financial volatility push Japanese insurers towards hybrids
They can withstand the downsides through low financial leverage and strong earnings.
Singapore life insurance regulator offers six-month grace period for premiums
Policies will remain valid throughout the period.
Singapore general insurance sector posts $28m underwriting loss for 2019
The top five segments accounted for a combined $43.4m underwriting loss.
Japan, Korean insurers to see dampened sales as COVID claims rise
Both countries will see an increase in death claims.
Prudential Thailand, TMB Bank sign bancassurance venture
The insurer will provide health solutions to TMB clients for 15 years.
Australia's insurance sector post strong returns despite dampened ROE: analysts
The sector will reach an ROE of 15% this year, lower than last year’s 16%.
DBS extends enrollment deadline for COVID-19 relief insurance
The policy recorded more than 52,000 sign-ups in a day during its peak.
AIA Singapore's 2019 operating profit hikes 6% to $583m
Total weighted premium income rose 8% to $2.91m.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. Singlife introduces first market insurance for dementia care 4. Italian insurance-financial firm opens office in Singapore 5. SG’s life insurers see 32.2% leap in new business premiums in Q1’24Resource Center
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Jul
09
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
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The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. Singlife introduces first market insurance for dementia care 4. Italian insurance-financial firm opens office in Singapore 5. SG’s life insurers see 32.2% leap in new business premiums in Q1’24Awards
Jul
09
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Firewalls are never enough