Singapore
Singapore insurers thrive under RBC 2 Regime
Singapore insurers thrive under RBC 2 Regime
MAS had introduced the capital regime back in 2004.
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.
Commentary
AI isn’t replacing insurance, it’s finally making it work