Manulife is integrating GenAI with agent operations in Singapore and enhancing capabilities in contact centres and underwriting processes.
AIA Singapore has expanded inpatient coverage for mental health care for its corporate insurance policies, at no additional premium.
HSBC Life Singapore has appointed Mr Lu Ouling as chief product propositions officer and Mr Michael Wei as chief partnership distribution officer.
While Singapore consumers have financial goals set, close to 70% are struggling to achieve financial wellness, according to findings of a survey commissioned by AIA Singapore.
AIA Singapore yesterday unveiled findings of the AIA Live Better Study 2024 which revealed that Singapore consumers' overall wellbeing has not shown improvement, scoring 61.5 on the Holistic Wellness Index in 2024 compared to 61.7 in 2023.
Most Singaporeans (81%) aspire to retire between the ages of 50 and 70, with younger generations, including millennials (71%) and Gen Z (71%), aiming for retirement at 60. 75% of Singaporeans have prioritised planning for retirement, typically starting at age 35, according to the Etiqa Insurance Singapore Retirement Insights Report 2024.
The Singapore Reinsurers' Association (SRA) yesterday announced its panel programme line-ups and Guest-of-Honour for the Singapore International Reinsurance Conference (SIRC) 2024.
Called CriticalCare Plus, the new health policy covers five major critical illnesses (CIs), including cancer, heart attack, stroke, Parkinson's disease, and Alzheimer's disease.
Insurers are expanding into the family office space in Hong Kong and Singapore to target the needs of wealthy families in line with consumer demand, says global management consultancy McKinsey & Co.
Beazley's recent survey of 3,500 global business leaders has revealed that despite the growing risk landscape, only 24% of executives based in Singapore ranked cyber as their top risk this year.