insurance

How did Singapore’s life insurers fare in 2024?

How did Singapore’s life insurers fare in 2024?

The industry’s was influenced by higher demand for annual premium products.
3 hours ago

Etiqa launches Singapore’s first takaful insurance product in years

Demand for Islamic financial products from the Middle East and Southeast Asia is growing.

Budget Direct unveils new commercial vehicle cover

Customers can opt for the benefit of vehicle repairs at their preferred location.

Etiqa, Maybank launch Singapore's first Takaful in 10 years

The plan combines ethical investment options with flexible wealth accumulation.

OCBC Bank sells 33% stake in Hong Kong Life

The agreed sale price is HK$589.3m ($103m)

SG justifies blocking $2b capital withdrawal in Income-Allianz deal

This proposed extraction does not align with the representations made to MCCY.

Only 56% of S’pore graduates see insurance as appealing career choice

Seven in 10 said there was limited career growth in the industry.

Singapore blocks Income-Allianz deal due to social concerns

Government cites public interest and social mission concerns.

Singapore amends insurance bill post-Allianz deal

Key concern raised by the MCCY is the terms and structure of the deal.

New HSBC plan multiplies coverage up to six times

The plan also offers enhanced critical illness coverage.

Singlife, SAL launch mental health scheme for lawyers 

The programme will be offered to more than 13,000 legal professionals.

Manulife integrates GenAI in contact centres, rollout starts in Singapore

About 68% of agents used the tool within two weeks of its pilot launch.

Income Insurance launches first hourly travel coverage

The product replaces the previous version, which was limited to Bintan, Batam, and Malaysia. 

S'pore millennials, Gen Z find traditional travel insurance 'outdated'

A fifth of respondents hesitate to buy insurance due to not knowing what is covered.

New Singlife campaign offers up to 4.5% returns amidst inflation woes

It is available for the first S$10,000 in an account.

MegaChem receives $4.4m insurance payout for July warehouse fire

In total, they have received $12.3m in insurance payouts.