Singapore's medical inflation rate is projected to be 12.0% in 2025, as high as in 2024. While the trend may be slightly cooling, it is projected to remain elevated over the longer term, according to a report released by WTW, a leading global advisory, broking and solutions company.
In 2024, the CFA Institute and CFA Society Singapore launched the voluntary Diversity, Equity, and Inclusion Code in Singapore (DEI code Singapore). It offers financial services organisations that choose to follow it voluntarily a framework for developing DEI strategies.
discovermarket, a global InsurTech innovator in embedded insurance solutions, headquartered in Switzerland and Singapore, has announced its official launch in Latin America, beginning with the establishment of a legal entity in Brazil.
Gen Zs are particularly concerned about maintaining their independence and avoiding social isolation in old age, according to a study sponsored by Prudential Singapore (Prudential").
Acclaim Insurance Brokers, Singapore's leading risk consulting and insurance broker, celebrates its 40th anniversary by receiving the prestigious Enterprise 50 Award for the second time, the company announces in a media statement.
Chaucer has appointed Mr Jonathan Ng as class underwriter in political risk.
The Monetary Authority of Singapore (MAS) has made amendments to rules on Product Development and Pricing (MAS Notice 302) and Direct Purchase Insurance Products (MAS Notice 321) that ease the product approval process.
Prudential has launched its global Artificial Intelligence (AI) Lab in Singapore, strengthening its commitment to integrating advanced AI technologies across its operations. Officiated by Mrs Josephine Teo, Minister for Digital Development and Information, and Prudential CEO Anil Wadhwani, the launch underscores Singapore's standing as a hub for AI innovation.
Prudential officially launched the Prudential AI Lab in Singapore, on 19 November 2024, marking a significant milestone in the local insurance sector.
Researchers have used machine learning to design a more cost-efficient insurance contract that could better protect farmers against weather risks arising from climate change.