Singapore
KoverNow to incentivise policies, 15 Max Miles for every SGD spent
KoverNow to incentivise policies, 15 Max Miles for every SGD spent
The insurtech partnered with Max Miles to reward purchases of travel and items coverage.
S’pore’s life industry dips 3.9% YoY in weighted new business premiums 2023
Fourth quarter 2023 saw an increase in the uptake of both annual and single-premium products.
Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.
S’pore regulator proposes simplified process for affordable insurance policies
MAS now proposes to reduce information requirements for term life insurance and standard critical illness policies.
Etiqa Singapore rolls out pet insurance offering S$15,000 surgery cover
The plan covers congenital and hereditary diseases, accidents, and surgeries.
MS Amlin renews Singapore Cat Bond
The development comes after the increasing natural disaster risk environment in the region.
Budget Direct Insurance eases GST burden, also adopts Singpass Mobile
E-vouchers with 9% GST savings will be offered when customers purchase a new car or motorcycle plan online.
Kita extends carbon insurance specialities in Singapore
It aims to offer carbon insurance products that aid carbon projects, carbon credit buyers, and intermediaries in the market.
MSIG Insurance launches personal accident plan with essential, recovery support
It offers payout and support in the event of accidental death or permanent disability.
HDI Global gets new SG branch managing director
Alex Tarantino will take the role of managing director for the SG office, whilst Andrew Cochrane will take over his current role.
Bridge Specialty International acquires Singaporean insurance brokerage business
The transaction is expected to finish in the first quarter of 2024.
Income Insurance shares enter private securities exchange through partnership
Digital securities exchange for alternative assets in Southeast Asia, Alta, has partnered with PhillipCapital to launch this new venture.
WTW reveals two new appointments in Singapore team
Ernest Heng has been appointed as the head of specialty whilst David Ng as head of client services in Singapore.
SG promotes proper culture and conduct amongst general insurers
The ICCSC hopes to ensure that general insurers maintain and improve professionality to grow customer’s trust.
AIA S’pore launches Ultimate Critical Cover, S’poreans feel ‘inadequately protected’
A study was conducted which showed that respondents consider a median payout of $100,000 sufficient, short of the recommended $300,000 by LIA.
Fitch Ratings expects Singlife acquisition to boost Sumitomo Life’s credit profile
The acquisition is still subject to regulatory approval in Japan and Singapore.
37% of S’porean businesses plan to explore coverage amidst high-risk environment
Cyber risk remains the primary concern of executives.
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