Singapore
MAS floats raising deposit insurance coverage to S$100,000
This will result in 91% of deposits being fully covered by deposit insurance.
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.
P&C insurer puts up aviation hub in Singapore
Newly appointed Alastair Stuart will be the hub’s practice leader.
MAS slams 6 ex-Great Eastern financial advisers with prohibition orders
This follows after the six individuals were convicted of tax evasion.
Singapore’s property insurance to earn S$1.1b in 2023
On a year-on-year basis, its gross written premiums would grow by 7.6%.
Singapore’s Aspen names new head
The industry veteran has had expertise in the field for 23 years.
MAS issues 8-year ban to former AIG, Liberty insurance agent
Yeo Siew Liang James was convicted of 18 counts of corruption in 2021.
Aon opens climate innovation hub in Singapore
The climate hub will be housed in the Aon Centre for Innovation and Analytics.
Singapore’s life insurance industry down in first quarter
Annual premiums surged 24.7% on a quarterly basis.
FWD Singapore unveils first participating fund
It plans to encourage customers to invest in a passive income stream.
Great Eastern posts S$244m in Q1 profits
Total weighted new sales, however, declined by 22% during the year.
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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.
