Singapore
FWD Singapore introduces standalone cancer plan offering 100% payout
FWD Singapore introduces standalone cancer plan offering 100% payout
The plan offers a 100% lump-sum payout of the insured amount to customers diagnosed with major cancer.
Singaporeans 'lukewarm' to insurance intermediaries: study
Insurers are generally viewed as trustworthy.
Online nomination of insurance beneficiaries available soon: MAS
Singapore has amended insurance regulations to allow online nomination of beneficiaries.
UOI net profit up 70.2% in H1 due to favourable investment markets
United Overseas Investment Limited (UOI) posted $12.15m net profit.
Lexasure engages in partnership for auto insurance
The partnership aims to service Singapore and Cambodia’s markets.
MAS imposes prohibition order against ex-Prudential rep for false invoices
Mengting submitted 11 false invoices to Prudential to aid her clients' accident injury claims.
Singlife launches Singlife Shield Starter, Singlife Health Starter Plus
Customers can add the S$1 rider to their base plan to reduce mandatory co-payments.
Allianz Trade selects new Asia head of surety and guarantees
Chris Markesteijn is the new Regional Head of Surety and Guarantees beginning 1 August.
Sun Life Singapore unveils life insurance product for HNW clients
It offers an indexed account linked to the S&P 500 index performance.
Soh Yeow Liang joins Tokio Marine Life Insurance SG
He will be the Head of Strategic Partnerships.
Prudential introduces first Shariah-aligned index fund
Shariah investing aligns with the permissible financial activities for Muslims and promotes ethical support for the community.
Microsoft, Singlife push for AI adoption amongst insurers
Singlife is the first in its industry to collaborate with Microsoft for the programme in ASEAN.
MAS floats raising deposit insurance coverage to S$100,000
This will result in 91% of deposits being fully covered by deposit insurance.
Singlife becomes signatory of UN-supported Principles for Responsible Investment
It is reportedly the first Southeast Asian insurer to become a signatory of PRI.
Singlife allies with Aspire to enhance financial accessibility of SMEs
SMEs can access services, including financial software and affordable business insurance.
MAS fines 4 entities S$3.8m for failures in anti-money laundering controls
DBS and OCBC are fined S$2.6m and S$600,000, respectively.
OCBC buys more Great Eastern shares for S$39.9m
OCBC now owns 88.4% of its subsidiary’s shares.
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1. Great Eastern see earnings rise 13% YoY in Q1 2025 2. FWD launches cross-border medical plans amidst rising demand in GBA 3. FWD Singapore, IPP eye Gen Zers amidst wealth influx 4. MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand 5. The adoption of GenAI is set to reshape the insurance value chain – Boston Consulting Group’s Paul BrenchleyResource Center
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From traditional brokers to tech-led platforms: How B2B insurance is changing in Singapore