News Non-Life17 Apr 2019

Singapore-based bank forays into pet insurance market

With pet insurance being a novel product in the Singapore market, there are currently a handful of market players. And the latest player in this market is surprisingly a bank selling policy plans for domestic dogs and cats which start from S$74.90 ($55.33) a year. Called 'My Paw Pal', the pet insurance is offered by CIMB Bank Singapore as part of its non-life bancassurance partnership with Sompo Insurance Singapore. Other pet insurance products in Singapore include AON Happy Tails, Liberty PetCare and AIA Paw Safe.

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