Singapore
Income Insurance under credit watch after Allianz announcement
S&P Global said it could downgrade the Singaporean insurer.
Income Insurance under credit watch after Allianz announcement
S&P Global said it could downgrade the Singaporean insurer.
Deal boosts Allianz to top ranks in Singapore’s market
Allianz’s Solvency II ratio is expected to reach 203% in Q1 2024.
Income Insurance targets to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
Allianz plans to acquire majority stake in Income Insurance for $1.64b
This is also equivalent to a 51% majority stake in the SG-based insurer.
Income Insurance continues talks with Allianz
It announced its interest in a transaction last 14 June.
Health insurance essential, but too much can rack up prices: MOH
With rising claims, insurers are barely profiting from health insurance.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the insurer.
AIA S’pore taps new tech lead
Afees Ashroff has more than two decades of experience in banking and insurance.
AIA Investment Management clinches two accolades at Insurance Asia Awards 2024
Its Stewardship Funds have performed well against peers despite recent volatility.
IRAS, MAS revise tax treatment of insurance reserves
Previously, reserves were non-deductible as estimates of contingent liabilities.
discovermarket secures two wins at Insurance Asia Awards 2024
It has made insurance more accessible to Southeast Asian markets, wherein the protection gap remains high.
Sumitomo Life's Singlife purchase tops SEA acquisitions in H1 2024
The acquisition valued the Singaporean insurer at S$4.6b.
FWD Singapore, Income Insurance partner amidst EV demand
Existing motor policies at FWD Singapore will remain unaffected.
Sun Life Singapore enhances whole life insurance solution for wealthy Asians
Main benefits include death benefit options and extended expiry age.
Tokio Marine opens new financial advisory arm in Singapore
The life insurer aims to offer a more integrated financial service experience.
Prudential Singapore gets new CEO
She will also manage Prudential Financial Advisers Singapore.
Singapore leads in cyber insurance with 96% adoption rate
About 76% of businesses reinforced cyber defences to qualify for insurance.
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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.
