Singapore

Prudential’s new business profit drops to US$2.18b in FY22

The insurer attributed the decline to higher interest rates and business mix effects.

Prudential’s new business profit drops to US$2.18b in FY22

The insurer attributed the decline to higher interest rates and business mix effects.

Mosaic Insurance opens new Singapore Office

The new office will expand the company’s transactional business across APAC

UOI names Wee Ee Cheong as new company Chairman

He will replace his father, Dr. Wee Cho Yaw, who will be retiring on 14 April.

Everest Re names Singapore chief executive

He currently holds the position of Head of Business Development in APAC.

Great Eastern’s profits down 30% to S$784.2m in FY2022

CEO Khor Hock Seng said that volatility of global financial markets impacted earnings.

Singapore's new insurance premiums fall 5.2% in 2022

Rising interest rates and inflation dented demand for life insurance products.

Igloo hires new technology chief

The insurtech prides itself on using technology to make insurance more affordable.

FWD Singapore appoints Adrian Vincent as CEO

Vincent joined the insurer in 2019 as a general manager for its life business arm.

HSBC Singapore completes legal integration of AXA

This enables HSBC to begin its insurance operations in Singapore.

Chubb taps Malaysia unit COO as new Singapore country head

The role is for the insurer’s general insurance operations in the country.

Singapore insurers to profit over shift to digital initiatives: GlobalData

The market share of the top five insurers grew by 3.2 percentage points in 2021.

MSIG partners with AXA to offer travel insurance to Scoot customers

Travel is expected to pick up as one in five said they plan to take a trip.

GIA’s system detects fraud overlooked by insurers

The Fraud Management System uses data analytics and AI that analyse suspicious claims. 

Motor insurance growth slows down in Singapore

Higher taxes led to lower car sales in August.

Singapore life insurance new business premiums down by 5.9% in Q3

However, take up for new policies picked up by 12.8% in the quarter.