Tokio Marine Asia has formed a strategic partnership with Arbor Ventures, a leading global FinTech / InsurTech-focused venture capital firm, headquartered in Singapore.
Singapore's life insurance industry recorded a total of S$2.63bn ($1.92bn) in weighted new business premiums for 1H2022, a slight contraction of 1.9% as compared to the corresponding period in 2021, according to the Life Insurance Association, Singapore (LIA Singapore) that yesterday unveiled the industry's results for the first six months of this year.
Argenta Underwriting Asia (AUA) has announced that it will cease writing new and renewal business in Singapore with immediate effect.
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) from "a-" (Excellent) of Singapore Reinsurance Corporation (Singapore Re). The outlook of these credit ratings is 'Stable'.
The Great Eastern Group has posted profits attributable to shareholders of S$502.9m ($364.4m) for the first half of this year, with a boost from the second quarter in which the profits rose 22% to S$282.9m year on year.
The Singapore Insurance Institute's members and partners planted 50 trees at Kranji-Woodlands Nature Way on 27 July 2022 in support of the nationwide OneMillionTrees movement through the Garden City Fund's Plant-A-Tree programme. The Garden City Fund is a registered charity and IPC established by the National Parks Board.
This year's Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony on 26 July saw 16 winners from seven markets celebrated for their contributions to the life insurance industry. The winners were chosen from 65 finalists shortlisted from 222 nominations from 12 markets. Due to the uncertain nature of the COVID-19 pandemic, the organisers have chosen to hold the awards presentation virtually.
The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia.
Policyholders with Integrated Shield Plan (IP) riders will have more doctors to choose from - potentially more than 1,000 specialists in the private sector - while still enjoying an annual payment cap of S$3,000 (US$2,146).
To allow wider patient choice and better continuity of care, the Life Insurance Association, Singapore (LIA Singapore) has implemented the Multilateral Healthcare Insurance Committee (MHIC)'s recommendations for the Extended Panel (EP) initiative.