Great Eastern
Founded in 1908, Great Eastern provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. With over S$100 billion in assets and more than 10 million policyholders, including 7.5 million from government schemes, the group also operates in Indonesia and Brunei and has representative offices in China and Myanmar.
Great Eastern’s acquisition plan could drive market position: S&P Global Ratings
Estimated combined assets of AML and AMT accounted for 1.5% of the Great Eastern group's total assets as of the end of 2022.
Great Eastern subsidiaries propose acquisition of AmMetLife Insurance
The firm wants 100% of shares in AmMetLife Insurance and AnMetLife Takaful.
New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings
Although the framework could raise operational costs, it will run some benefits.
MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements
The four initial insurers are to face a 25% capital add-on, boosting higher and lower supervisory intervention levels, CET1 and Tier 1.
Great Eastern collaborates with telco for home insurance plan
The insurer and Singtel unveiled a plan which covers various residential housing types.
Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.
Great Eastern and Intellect launch 24/7 mental health helpline for employees
This provides employees with personalised and immediate guidance.
Great Eastern reaches S$193.2m in profits for Q2
Its year-to-date profits reached S$437.2m.
Great Eastern in discussions to buy Malaysia's AmMetLife
It plans to acquire AmMetLife Insurance, a MetLife Inc. Malaysian venture.
OCBC buys more Great Eastern shares for S$39.9m
OCBC now owns 88.4% of its subsidiary’s shares.
Great Eastern posts S$244m in Q1 profits
Total weighted new sales, however, declined by 22% during the year.
Koh Beng Seng bows out as Great Eastern chairman
He will step down from the post on 21 April.
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.
Great Eastern’s profit attributable to shareholders dips 12% to $780.9m in 9M22
The decline was due to lower valiant of investment in the shareholder’s fund.
Great Eastern launches two critical illness cover
The new product aims to solve the concerns over the costs of managing CI.
Banker to insurer: Great Eastern’s Jimmy Tong recalls his journey
The two roles overlap when it comes to protecting clients’ assets
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
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Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
