AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
Singapore businesses have higher expectations of risk management to support growth, according to new research by Coface. However, many still involve risk teams only after key commercial decisions have already begun to take shape.
Prudential Singapore (Prudential) has achieved the strongest showing globally in the 2026 Million Dollar Round Table (MDRT) Culture of Excellence (COE) Awards, with 29 agency leaders recognised out of 68 winners worldwide. This was up from 13 winners in 2025, reflecting the strong progress made by Prudential's agency force. Accounting for more than two in five award recipients this year, Prudential had the highest number of MDRT COE Award winners globally.
Markel Insurance, the insurance operations within Markel Group, has promoted Mr Grant Smith to the role of Director of Marine Transportation at Markel International.
Electric vehicles (EVs) now account for the majority of new car registrations, and have reached a defining milestone in Singapore.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing to establish a legislative framework for a new Protected Cell Company (PCC) corporate structure. This new framework is expected to be implemented in 2028 and will be available for several insurance use cases to start with.
The Monetary Authority of Singapore's (MAS) proposed Protected Cell Company (PCC) framework has the potential to be a major advancement for Singapore's insurance and risk financing landscape, reinforcing the country's position as a leading insurance, reinsurance and alternative risk transfer hub in Asia.
The Monetary Authority of Singapore's (MAS) proposed Protected Cell Company (PCC) framework will give Singapore a structure which can better accommodate specific public sector needs, according to the CEO and Executive Director of SEADRIF, Mr Benedikt Signer. The framework will lower the cost and time of setting up new risk transfer arrangements, which means more room to explore new programmes.
DAC Beachcroft (DACB) has appointed Mr Andrew Robinson as Location Head of its Singapore office for a three-year term, effective 1 June 2026.
Despite growing awareness of home insurance, many Singapore households remain underinsured because they mistakenly believe their mandatory HDB fire insurance provides comprehensive protection, according to ECICS CEO Choi Kin Seng.