Singapore
United Overseas Insurance profits surge 55% YoY FY’23
Earnings per share during the year was 47.85 Singaporean cents.
United Overseas Insurance profits surge 55% YoY FY’23
Earnings per share during the year was 47.85 Singaporean cents.
Transamerica Life Bermuda unveils improved HNW plan
It also offers a variety of index account options, including a focus index account tracking major indices' performance,
S’pore Reinsurers’ Association becomes founding member of global advisory council
The council aims to increase efficiencies and digital readiness among stakeholders.
KoverNow to incentivise policies, 15 Max Miles for every SGD spent
The insurtech partnered with Max Miles to reward purchases of travel and items coverage.
S’pore’s life industry dips 3.9% YoY in weighted new business premiums 2023
Fourth quarter 2023 saw an increase in the uptake of both annual and single-premium products.
Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.
S’pore regulator proposes simplified process for affordable insurance policies
MAS now proposes to reduce information requirements for term life insurance and standard critical illness policies.
Etiqa Singapore rolls out pet insurance offering S$15,000 surgery cover
The plan covers congenital and hereditary diseases, accidents, and surgeries.
MS Amlin renews Singapore Cat Bond
The development comes after the increasing natural disaster risk environment in the region.
Budget Direct Insurance eases GST burden, also adopts Singpass Mobile
E-vouchers with 9% GST savings will be offered when customers purchase a new car or motorcycle plan online.
Kita extends carbon insurance specialities in Singapore
It aims to offer carbon insurance products that aid carbon projects, carbon credit buyers, and intermediaries in the market.
MSIG Insurance launches personal accident plan with essential, recovery support
It offers payout and support in the event of accidental death or permanent disability.
HDI Global gets new SG branch managing director
Alex Tarantino will take the role of managing director for the SG office, whilst Andrew Cochrane will take over his current role.
Bridge Specialty International acquires Singaporean insurance brokerage business
The transaction is expected to finish in the first quarter of 2024.
Income Insurance shares enter private securities exchange through partnership
Digital securities exchange for alternative assets in Southeast Asia, Alta, has partnered with PhillipCapital to launch this new venture.
WTW reveals two new appointments in Singapore team
Ernest Heng has been appointed as the head of specialty whilst David Ng as head of client services in Singapore.
SG promotes proper culture and conduct amongst general insurers
The ICCSC hopes to ensure that general insurers maintain and improve professionality to grow customer’s trust.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
