Insurance
Ping An to counter COVID-19 with technology
The insurer has moved all of its face-to-face communications online.
Ping An to counter COVID-19 with technology
The insurer has moved all of its face-to-face communications online.
HSBC Life floats new QDAP mobile app
The app will enable clients for early retirement and tax savings.
Gigacover extends COVID-19 coverage to freelancers, GoJek drivers
Income protection policies will cover stay home notices and leaves of absence.
AXA Asia's total revenue hits $10.6b in 2019
Overall Asian APE rose 1% due to better sales in Japan, China, and Hong Kong.
Coronavirus likely to hurt Ping An's business in H1 2020
Agent-driven sales have slowed down due to the virus.
Prudential Singapore commits $1.5m COVID relief package
Affected SME clients can defer their premium payments for up to three months.
Great Eastern's profit climbed 36% to $1b in FY2019
Profit from its shareholders’ fund surged 266% to $277m from higher valuation.
NTUC Income widens COVID-19 coverage to low-income Singapore households
The IFMIS provides a cash payout of $200 per day of hospitalisation.
Manulife Singapore commits $1m for enhanced COVID-19 coverage
A customer diagnosed with the virus will receive a one-time cash benefit of $1,500.
Asian insurtechs raised over $3b in 121 deals since 2015
Total capital raised jumped at a CAGR of 155.6% between 2016 and 2019 to over $970m.
Singapore's PDPC warns AXA, NTUC over data breaches
Policyholders' personal data were sent over emails to unintended recipients.
Singapore IPs, IP riders to cover nCov medical expenses
Many non-IP individual and group health insurance policies will also cover medical costs.
HSBC Life Singapore extends coronavirus benefits to customers
Customers may receive $1,000 in the event that they contract nCov in Singapore.
Chubb names Jon Longmore as new Indonesia president director
He will replace Tai Kuan Ly.
China's insurance sector face limited impact from coronavirus
But prolonged disruption could hurt their investments.
Singapore health insurance business premiums hit $465.7m in Q4 2019
IPs and IP rider premiums comprised $419.7m of the amount.
Singapore life insurance employment up 6% in 2019
Expertise in digitalisation transformation remains highly sought after.
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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]()
Co-Written / Partner
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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Firewalls are never enough