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Singapore tag returned 1723 results

  • Singapore: MAS names four domestic systemically important insurers

    The Monetary Authority of Singapore (MAS), which is Singapore's central bank, has published its framework for designating domestic systemically important insurers (D-SIIs), and the inaugural list of four D-SIIs.

    Asia | 22 Sep 2023
  • Singapore: bolttech's Series B fundraising round reaches record-breaking US$246m

    Singapore-headquartered international InsurTech, bolttech, has added leading-impact investment firm LeapFrog Investments as a strategic investor in an extension of its Series B round. LeapFrog's $50m investment adds to bolttech's recent Series B funding round, now totalling $246m, the largest ever Series B round for an InsurTech.

    Asia | 22 Sep 2023
  • Millennials and Gen Y are the biggest emergency savers in Asia

    According to a recent survey by Prudential plc, Empowering Aspirations: Financial Preparedness in Asia, more than 60% out of the 5000 respondents surveyed across Hong Kong, Indonesia, Malaysia, Singapore and Thailand stated their commitment to setting aside money specifically for health and income-related emergencies.

    AIRPlus | 20 Sep 2023
  • Singapore: Lags in cyber security practices despite growing awareness

    In 2022 more Singaporeans were aware of online scams and cyber security measures, as compared to 2020, (43% vs. 32%) yet many still fail to adopt cyber security practices.

    AIRPlus | 20 Sep 2023
  • Singapore: Auto insurers' CX quality falls stagnant

    The overall CX (customer experience) quality of Singapore's home and auto insurers improved steadily from 2018 to 2021, it suffered a setback in 2022 and has remained flat so far in 2023, according to Forrester, a research and consulting firm focussed on customer dynamics.

    Asia | 15 Sep 2023
  • Singapore: Aviva sells 25.9% stake in Singlife to Sumitomo Life

    Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings, together with two debt instruments, to Sumitomo Life Insurance Company for a total consideration of GBP0.8bn ($0.999bn) payable in cash at closing. Sumitomo Life will pay a consideration of GBP0.5bn for Aviva's equity stake and GBP0.3bn for the two debt instruments.

    Asia | 14 Sep 2023
  • Singapore: Prudential launches PRUShield EasySwitch to enable more seamless switch of plans for Shield policyholders

    Policyholders of Shield Plans can now switch more easily from their existing plans with other insurers to Prudential Singapore's PRUShield policies and supplementary plans (riders), through PRUShield EasySwitch.

    Agents | 12 Sep 2023
  • International law firm forms association with Singapore firm

    International law firm DAC Beachcroft (DACB) has formed an association with Singapore-based Incisive Law to provide an offering to clients, covering Singapore and English law.

    AIRPlus | 11 Sep 2023
  • Singapore: Critical illness protection gap narrows

    The Life Insurance Association, Singapore (LIA Singapore) has unveiled findings of the Protection Gap Study (PGS) 2022 which found that economically active (EA) Singaporeans and Permanent Residents in Singapore - including Platform Workers (PWs) - had a S$373bn ($273bn) mortality protection gap and a S$579bn critical illness (CI) protection gap. This equates to a 21% mortality protection gap and a 74% CI protection gap in Singapore in 2022.

    Asia | 11 Sep 2023
  • Singaporeans exhibit resilience in crucial domains

    Singaporeans are resilient mentally, physically, socially, and financially, according to a landmark study that established Singaporeans' baseline resilience in these domains for the first time.

    Asia | 06 Sep 2023

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