The number of Singaporeans who indicated that they have of life insurance and investment products has decreased by 19% and 18%, respectively, compared to that a year ago.
Insurers increasingly require evidence of robust cyber risk management as part of underwriting and are incentivising businesses to implement best cyber practices, according to RPC Premier Law partner Carmel Green.
While AI can transform how insurers serve customers, it should never be used just for the sake of it, bolttech CEO APAC Philip Weiner says.
Today's insurance consumers are not only seeking more personalised and accessible insurance products, but they are also prioritising transparency and sustainability in their choices.
Utmost Wealth Solutions has appointed Mr Ben Munday as CEO of Utmost International Isle of Man, Singapore Branch, effective 1 August and subject to regulatory approval, as well as Mr Mark Christal as head of Asia.
Chaucer Group has appointed Ms Emily Brand as deputy class underwriter - energy. In her new role, she will be responsible for supporting the underwriting strategy for Chaucer's energy business, and expanding the company's reach in the APAC energy insurance market.
Despite retirement aspirations that included living with enjoyment, meaning and financial independence, which were revealed to be more valued than extending lifespans, the "Manulife Asia Care Survey 2025" showed gaps between the goals and financial abilities of respondents.
One pressing reality that continues to affect all of us is medical inflation.
Manulife Singapore is rolling out several digital initiatives in light of the anniversaries of its two advisory arms.
Only about one fourth (26%) of executives surveyed in Singapore consider cyber risk as their greatest threat, however, 87% believe they are prepared to counter the cyber risks, indicating a false sense of security according to a new report by specialist insurer Beazley.