Singapore

Red flags raised in Singapore's malpractice claims environment

These cases could see increased awards and higher premiums.

United Overseas Insurance Profits Rise 14.9% YoY in H1 2024 

Thanks to a surge in its dividend income on a year-on-year basis.

Income Insurance keeps affordable insurance offerings post-deal: NTUC Enterprise

It will still participate in national insurance programmes with the CPF Board.

AIA Singapore gifts 6-month free coverage for national day

It plans to provide six months of complimentary insurance coverage.

MAS revokes insurance broker license of Acesynergy Brokers

ABPL failed to comply with regulatory requirements.

Allianz’s acquisition won’t have impact on market: Fitch Ratings

This deal will make it the largest property and casualty insurer in Singapore.

Prudential Financial Advisers aims for 1,000 reps by end of 2024

By the end of 2025, it hopes to see 1,500 representatives.

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.

Income Insurance targets to fill billion-dollar financing gap in climate transition

The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.

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.

Income Insurance continues talks with Allianz

It announced its interest in a transaction last 14 June.

Health insurance essential, but too much can rack up prices: MOH

With rising claims, insurers are barely profiting from health insurance.

Great Eastern halts trading of its shares in SGX

This follows OCBC's increased shareholding in the insurer.

AIA S’pore taps new tech lead

Afees Ashroff has more than two decades of experience in banking and insurance.

AIA Investment Management clinches two accolades at Insurance Asia Awards 2024

Its Stewardship Funds have performed well against peers despite recent volatility.