Singapore

Singapore’s life insurance premium down 17% in the first half of 2023

Single-premium policy’s performance dragged the overall sector’s result.

Oslo-based P&I insurer acquires Singapore’s EF Marine

The merged entity will operate under the Hydor brand, employing 34 individuals.

Surer collaborates with employment association for customer accessibility

The most purchased coverage plan is the Foreign Domestic Worker Insurance.

MAS pledges S$150m to aid the financial sector

The scheme aims to back projects and maximise the use of technologies.

Chubb has appointed Serene Neo as head of A&H for APAC

She was most recently division head, consumer lines for Singapore.

AIA Singapore unveils AIA Centurion PA, covers neurological diseases

AIA Personal Accident Insurance Survey revealed that dementia is a top concern among Singaporeans.

Great Eastern reaches S$193.2m in profits for Q2

Its year-to-date profits reached S$437.2m.

Great Eastern in discussions to buy Malaysia's AmMetLife

It plans to acquire AmMetLife Insurance, a MetLife Inc. Malaysian venture.

Zurich Singapore partners with Klook to offer travel insurance

It covers trip cancellations, medical emergencies, and lost or stolen luggage. 

Singaporeans need to save for 27 years to achieve financial freedom: Singlife

1 in 4 Lion City residents have savings of less than $1,000 per month, below the average S$1,733.

Insurance veteran to run for Singapore’s presidential seat

He became CEO of Income Insurance (formerly NTUC Income) up until 2007.

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.

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.