Singapore-based real estate asset manager CapitaLand Investment (CLI) has established its first onshore RMB-denominated master fund in China, according to Securities Times on May 21. The fund, officially named the CapitaLand RMB Master Fund, has a total committed capital of CNY5bn ($690.6m) and is expected to support up to CNY20bn in assets under management (AUM) upon full deployment.
The GAIP Insurance Innovation Competition 2025?is now global. In its third year, the competition is bringing together students from top universities worldwide to present their ideas in insurance innovation.
Prudential Singapore has launched PRUHospital Care360, a hospital income insurance plan designed to provide financial support to individuals for their unexpected hospital stays and the subsequent recovery period. The plan provides a daily income if the life assured is hospitalised due to illness or injury, as well as lump sum benefits for post-hospitalisation recuperation and day surgery.
Zurich has appointed to its Singapore Commercial Insurance business Ms Christy Yeo as head of property and Ms Wendy Ong as head of financial lines.
Travel remains a high priority for Singaporeans - with over 90% of travelers planning to take a trip in the year ahead - the rising cost of living continues to impact travel spend. Nearly 73% of those not planning to travel cited cost as the main barrier.
Prudential Singapore (Prudential) has set a new benchmark in the financial services industry, with 13 of its agency leaders receiving the 2025 Million Dollar Round Table (MDRT) Culture of Excellence (COE) Awards, out of a global pool of 33 winners. With more than a third of the award recipients, Prudential topped the table with the highest number of MDRT COE winners this year.
Singapore's life insurance industry recorded nearly S$1.48bn ($1.14bn) in weighted new business premiums for the first quarter of 2025, representing a 10.9% per cent y-o-y increase, fuelled by continued uptake of Investment-Linked Policies (ILPs).
Financial institutions should proactively incorporate nature in their approach to financing, says a white paper titled "Financing Our Natural Capital".
Great Eastern yesterday reported its financial results for first quarter ended 31 March 2025.
Manulife Singapore has launched Signature Indexed Universal Life Select (III), "SIULS (III)", a first-in-market Indexed Universal Life (IUL) solution that offers access to expanded growth potential, extensive global diversification and robust protection.