Income Insurance Limited
Income Insurance Limited (Income) is one of the leading composite insurers in Singapore, offering life, health and general insurance. Established in Singapore in 1970 to plug a social need for insurance, Income continues to serve the protection, savings and investment needs of individuals, families and businesses today.
See below for the Latest Income Insurance Limited News, Analysis, Profit Results, Share Price Information, and Commentary.
Allianz may drop $1.63b bid for Income Insurance: Report
Allianz may drop $1.63b bid for Income Insurance: Report
Sources familiar with the matter told Bloomberg.
Allianz-Income merger in limbo as parties weigh new rules
A CEO said there is no guarantee that any transaction will take place.
SG justifies blocking $2b capital withdrawal in Income-Allianz deal
This proposed extraction does not align with the representations made to MCCY.
K-pop craze may spur demand for Income Insurance’s hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.
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.
Income Insurance introduces new EV plan, ‘range anxiety’ coverage
The plan has optional coverage for private charging stations up to $3,880.90.
Income Insurance's risk diversification tempers capital charges
On a stand-alone basis, it is expected to keep a strong business presence in SG.
MAS to assess capital plans in Allianz-Income deal
It will evaluate if Allianz’ acquisition meets regulatory requirements.
Income Insurance launches first hourly travel coverage
The product replaces the previous version, which was limited to Bintan, Batam, and Malaysia.
MAS confirms no competitive concerns with Allianz deal
Income's market share in life and general insurance is less than 10%.
NTUC Enterprise, Income Insurance defend Allianz deal amidst stakeholder concerns
Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.
Allianz acquisition aims to enhance Income Insurance's capabilities: NTUC Enterprise
The Singaporean insurer needs strong and continuous capital support.
Income Insurance keeps affordable insurance offerings post-deal: NTUC Enterprise
It will still participate in national insurance programmes with the CPF Board.
Allianz’s acquisition won’t have impact on market: Fitch Ratings
This deal will make it the largest property and casualty insurer in Singapore.
Income Insurance under credit watch after Allianz announcement
S&P Global said it could downgrade the Singaporean insurer.
Deal boosts Allianz to top ranks in Singapore’s market
Allianz’s Solvency II ratio is expected to reach 203% in Q1 2024.
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.
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