Singapore

NRIC numbers invalid for key insurance transactions

NRIC numbers invalid for key insurance transactions

Reviews regarding the use of NRIC may result in changes to existing processes.
1 day ago

2025 salary hikes expected in Singapore's insurance sector

Those in lower-value administrative functions may experience a more modest increase of 10%-15%.
2 days ago

SG's Central Provident Fund updates interest rates, Basic Healthcare Sum for 2025

BHS for members below 65 will increase from $52,929 to $55,890.
3 days ago

Allianz bids Income Insurance 51% takeover goodbye

The move follows changes to the Insurance Act announced last 14 October.
4 days ago

AIA Singapore elevates industry standards with triple win at Insurance Asia Awards 2024

Highlighting its innovative approach to the ageing population, digital transformation, and  international insurance market leadership. 
5 days ago

Allianz may drop $1.63b bid for Income Insurance: Report

Sources familiar with the matter told Bloomberg.
5 days ago

Singapore Re sees positive shift in underwriting

Thanks to favourable claims experience and business growth. 

Singlife Connect 3.0 launched to build 'Beyond Insurance' ecosystem

It seeks to create integrated solutions in health, lifestyle, and financial literacy amongst others.

Manulife SG unveils two industry-first collaboration for cancer care, gut health

It will offer liquid biopsy for cancer care and gut health screening.

Singlife appoints Amundi for its low carbon transition strategy

The company will allocate 20% of its public equities for Amundi to manage.

Singapore’s general insurance industry to grow 6.2% CAGR by 2029

The industry is expected to expand by 8.0% in 2024.

Top 50 list shows worsening dip in Singapore’s insurance premiums

The thriving nonlife business offset life insurance’s poor showing in 2023.

SG insurers see growth in new business premiums and asset holdings

However, higher interest rates could constrain new business growth and increase policy redemptions.

7 in 10 Gen Zs doubt health in old age

Prudential emphasised the role of financial planning to manage future healthcare costs.

MAS updates rules on life insurance product launches

The changes aim to ensure adequate regulatory oversight.

Singapore’s life insurance slated for $43b premiums in 2029

Due to the ageing population, health awareness, and consumer spending.