Prudential Singapore is among several insurers that have introduced a slew of new supplementary plans in response to the implementation of new rules on Integrated Shield Plan (IP) riders, that address rising insurance premiums.
The International Association of Insurance Supervisors (IAIS) has released two publications, marking the completion of its multi-year cycle of assessing implementation of the supervisory material of the Holistic Framework for systemic risk in the insurance sector.
The Monetary Authority of Singapore (MAS) has announced that it will classify investment-linked policies (ILPs) as complex products, in a move seen as strengthening consumer safeguards and ensuring that buyers have an adequate understanding of the risks and features of such offerings.
The Life Insurance Association Singapore has rolled out a new financial literacy programme aimed at equipping Gen Z students with practical money management skills to support their transition into adulthood. The initiative, developed in collaboration with the Singapore College of Insurance, will be launched across participating Institutes of Higher Learning (IHLs). It will focus on real-world financial decisions such as managing income, avoiding debt, and planning long-term financial security.
Great Eastern is intensifying its focus on high-net-worth (HNW) individuals and families across Asia. Towards this goal, Great Eastern unveiled on 3 March a proposition called Great Eastern Private, created for the high-net-worth (HNW) population across Asia.
Great Eastern Group CEO Greg Hingston has said that the life insurer, a leader in the sector in Singapore, has taken a number of measures to try and mitigate the impact of high medical inflation in the city state.
HSBC Life Singapore has launched a new wellness initiative aimed at improving access to preventive care and strengthening community health in the country.
Singapore's domestic general insurance sector recorded stable growth in 2025, with gross written premiums (GWP) for the domestic segment reaching S$6.1bn ($4.8bn), an 8.4% y-o-y increase that pushed the sector past the S$6bn mark for the first time.
Singlife has announced the appointment of Mr Leo Mun Wai as an Independent Non-Executive Director to the Boards of Singapore Life Holdings and Singapore Life. He will also serve as a member of the Risk and Audit Committees.
Markel, the insurance operation within Markel Group, has expanded its warranty and indemnity (W&I) insurance capabilities into APAC, with two new underwriting appointments in Hong Kong and India.