Singapore

Online nomination of insurance beneficiaries available soon: MAS

Singapore has amended insurance regulations to allow online nomination of beneficiaries.

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.

Lexasure, Qornerstone forge partnership to boost real estate risk mitigation products

Insurance products will cater to residents of Singapore and Malaysia.

Surer, Etiqa unveil digital motor insurance service

The partnership enables insurance intermediaries to distribute digitally.