Singapore
Great Eastern’s profits down 30% to S$784.2m in FY2022
CEO Khor Hock Seng said that volatility of global financial markets impacted earnings.
Great Eastern’s profits down 30% to S$784.2m in FY2022
CEO Khor Hock Seng said that volatility of global financial markets impacted earnings.
Singapore's new insurance premiums fall 5.2% in 2022
Rising interest rates and inflation dented demand for life insurance products.
Igloo hires new technology chief
The insurtech prides itself on using technology to make insurance more affordable.
FWD Singapore appoints Adrian Vincent as CEO
Vincent joined the insurer in 2019 as a general manager for its life business arm.
HSBC Singapore completes legal integration of AXA
This enables HSBC to begin its insurance operations in Singapore.
Singapore Business Review’s Insurance Rankings sees slow growth amongst top 50 insurers
The top 50 insurers saw 5.1% growth in 2021.
Chubb taps Malaysia unit COO as new Singapore country head
The role is for the insurer’s general insurance operations in the country.
Tokio Marine Life Insurance Singapore wins for its social and marketing initiatives in the Insurance Asia Awards 2022
Tapping into New Demographics and Giving Back to the Community.
Singapore insurers to profit over shift to digital initiatives: GlobalData
The market share of the top five insurers grew by 3.2 percentage points in 2021.
MSIG partners with AXA to offer travel insurance to Scoot customers
Travel is expected to pick up as one in five said they plan to take a trip.
GIA’s system detects fraud overlooked by insurers
The Fraud Management System uses data analytics and AI that analyse suspicious claims.
Motor insurance growth slows down in Singapore
Higher taxes led to lower car sales in August.
Singapore life insurance new business premiums down by 5.9% in Q3
However, take up for new policies picked up by 12.8% in the quarter.
Great Eastern’s profit attributable to shareholders dips 12% to $780.9m in 9M22
The decline was due to lower valiant of investment in the shareholder’s fund.
Cover Genius bags $70m in Series D funding round
The round was led by Dawn Capital.
Singapore launches digital banker’s guarantee, insurance bond
The eGuarantee@Gov is available from over 20 financial institutions locally.
Singaporeans can now access consolidated views of their insurance policies
Deputy Prime Minister Lawrence Wong announced this during the SFF 2022.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. OCBC courts Great Eastern with S$1.4b offer 4. Singlife introduces first market insurance for dementia care 5. Italian insurance-financial firm opens office in SingaporeResource Center
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Jul
09
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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]()
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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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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. OCBC courts Great Eastern with S$1.4b offer 4. Singlife introduces first market insurance for dementia care 5. Italian insurance-financial firm opens office in SingaporeAwards
Jul
09
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Firewalls are never enough