Prudential Singapore (Prudential) has set a new benchmark in the financial services industry, with 13 of its agency leaders receiving the 2025 Million Dollar Round Table (MDRT) Culture of Excellence (COE) Awards, out of a global pool of 33 winners. With more than a third of the award recipients, Prudential topped the table with the highest number of MDRT COE winners this year.
Singapore's life insurance industry recorded nearly S$1.48bn ($1.14bn) in weighted new business premiums for the first quarter of 2025, representing a 10.9% per cent y-o-y increase, fuelled by continued uptake of Investment-Linked Policies (ILPs).
Financial institutions should proactively incorporate nature in their approach to financing, says a white paper titled "Financing Our Natural Capital".
Great Eastern yesterday reported its financial results for first quarter ended 31 March 2025.
Manulife Singapore has launched Signature Indexed Universal Life Select (III), "SIULS (III)", a first-in-market Indexed Universal Life (IUL) solution that offers access to expanded growth potential, extensive global diversification and robust protection.
SCOR has formed a partnership with Howden insurance brokers and Charles Taylor loss adjusters, to launch Project INmersABILITY in Singapore.
Kennedys has appointed Ms Anita Quy joint managing partner of Kennedys Legal Solutions. She will also continue to serve as head of aviation, APAC.
Nearly two fifths (39%) of respondents to a survey in Singapore said that they viewed insurance as an investment tool to achieve financial independence, a report by CIMB Singapore has revealed.
According to Prudential, in 1Q2025, new business profit on a traditional embedded value went up 12% to $608m, annual premium equivalent (APE) sales went up 4% to $1.7bn and new the new business margin increased by two percentage points.
Manulife Singapore and Manulife Investments has announced a significant enhancement to Manulife iFUNDS, making it the first integrated digital wealth platform in Singapore to provide Manulife financial consultants with a consolidated view of their customers' Unit Trust (UT) and Investment-Linked Plan (ILP) holdings.