Great Eastern
Founded in 1908, Great Eastern provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. With over S$100 billion in assets and more than 10 million policyholders, including 7.5 million from government schemes, the group also operates in Indonesia and Brunei and has representative offices in China and Myanmar.
Great Eastern’s 9M 2024 earnings jump 39% YoY
Total weighted new sales and new business embedded value rose 19% YoY.\
Great Eastern’s 9M 2024 earnings jump 39% YoY
Total weighted new sales and new business embedded value rose 19% YoY.\
Empathy can drive life insurance sales
Successful agents know how to step into the shoes of their clients during an appointment.
Great Eastern names HSBC banker as new group CEO
Greg Hingston will take the helm once Khor Hock Seng retires on 31 Oct 2024.
Great Eastern backs MoH's pre-planning initiative with new legacy programme
This makes the insurer the first one to support the pre-planning campaign.
Great Eastern granted deadline extension to restore its public float
The insurer was given a deadline of 23 October.
Great Eastern’s profit triples in H1 2024 to $435m
Thanks to higher insurance profits and favourable investment return.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the insurer.
OCBC courts Great Eastern with S$1.4b offer
The bank plans to increase its investment beyond its current 88.44% stake.
Great Eastern witnesses 26% YoY profit surge in Q1’24
Its new business-embedded value leapt 21% YoY.
Callable notes to enhance Great Eastern Life’s financial resilience
S&P Global sees the proposed notes as having intermediate equity content.
SIAS calls for governance clarity from Great Eastern Holdings
SIAS urges the insurer’s board to consider and address shareholders' requests proactively.
Great Eastern’s weighted new sales dip, earnings soar in 2023
The total dividend for 2023 amounted to 75 Singaporean cents per ordinary share.
Great Eastern profit attributable to shareholders grew 21% in Q3
It increased to $180.2m.
Great Eastern’s acquisition plan could drive market position: S&P Global Ratings
Estimated combined assets of AML and AMT accounted for 1.5% of the Great Eastern group's total assets as of the end of 2022.
Great Eastern subsidiaries propose acquisition of AmMetLife Insurance
The firm wants 100% of shares in AmMetLife Insurance and AnMetLife Takaful.
New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings
Although the framework could raise operational costs, it will run some benefits.
MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements
The four initial insurers are to face a 25% capital add-on, boosting higher and lower supervisory intervention levels, CET1 and Tier 1.
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
