Singapore
Singapore life insurance industry records 23% growth in 2021
New business premiums reached $3.99b from January to December last year.
Manulife Singapore launches inheritable lifestyle insurance
The product allows you to give loved ones the entirety of the policy.
Chubb SG and StarHub launches insurance coverage against cyber-bullying
The product will also protect customers from other online threats.
Chubb offers free cancellation and refund on travel policies in Singapore
This is for all Chubb-underwritten individual Single-Trip travel policies.
Singapore releases methodologies on responsible use of AI by financial institutions
The Veritas Consortium also released an open-source toolkit to help with adoption.
Chubb pledges $10,000 for dementia care in Singapore
The grant will be used to improve a digital assistance platform.
AIA Singapore appoints head of ESG
The new head is formerly the VP of corporate sustainability at UOB.
Singapore's top 50 insurance firms reveal 17.22% increase in assets
Digital dominance and healthtech helped them mitigate losses, Singapore Business Review found.
Singapore extends coverage for COVID-19 vaccine complications
This is part of the industry’s support for the vaccination and booster drive.
Allianz Partners ties up with SIA in insurance partnership
Customers of the airline will be offered a range of insurance travel products.
MAS monitors 20% health insurance complaints made due to unsuccessful claims
The majority of the complaints were concerned with treatments not being covered.
Great Eastern crafts insurance package for special needs children
Upon the parents’ demise, the payout from the insurance goes to the children’s SNTC trust fund.
NTUC Income converts from co-op to corporation
The move comes amidst further increase in competition in the market.
NTUC Income offers bonus coverage for ‘younger’ consumers
The newest product calculates biological age to give bonus insurance coverage.
Singapore general insurers to end COVID-19 relief measures
The sector-wide financial relief measures will conclude on 31 December 2021.
Chubb reshuffles leadership in Asia
New leaders were appointed for Singapore and Hong Kong.
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From traditional brokers to tech-led platforms: How B2B insurance is changing in Singapore