Singapore

MS First Capital Insurance’s underwriting drives consistent profitability

Shareholders’ equity, which reached $900m (S$1.2b) in 2023.
8 hours ago

MS First Capital Insurance’s underwriting drives consistent profitability

Shareholders’ equity, which reached $900m (S$1.2b) in 2023.
8 hours ago

Prudential launches AI lab in Singapore

Employees have submitted over 100 AI use cases since its soft launch in August.
1 day ago

Allianz-Income merger in limbo as parties weigh new rules

A CEO said there is no guarantee that any transaction will take place.
6 days ago

ICCSC launches plan to boost insurance trust in Singapore

Trust indicator scores for general insurers were between 73 and 76.

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.

SG 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.

Everest launches AI-powered health insurance in Singapore

The AI streamlines the matching of patients with physicians.

China Taiping Insurance sees robust capitalisation with TPG financial support

It is anticipated that CTPIS will build its life insurance segment over the medium term.

K-pop craze may spur demand for Income Insurance’s hourly travel cover

The Singaporean insurer is targeting spontaneous travellers who love concerts.

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.

Humans need to be in insurance’s genAI loop

Employees still need to interpret AI-generated data and make decisions to minimise risks.

Income-Allianz failed merger shows popular opinion is king

The deal faced backlash from Singaporeans who thought it betrayed Income’s social mission.