Sunday, May 28, 2017

Singapore

Singapore’s life insurance coverage up by 10%

Singapore’s life insurance coverage up by 10%

The encouraging first-quarter performance reflects the Lion City’s efforts to narrow the protection gap.

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AIG names Claudia Salem as Singapore CEO

AIG names Claudia Salem as Singapore CEO

Succeeding Matt Harris, she will also become head of country operations for South-East Asia.

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Startup Singapore Life raises US$50m in funding

Startup Singapore Life raises US$50m in funding

The Series A funding round is led by Hong Kong-listed Credit China FinTech and UK-based investment firm IPGL.

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Lloyd’s collaborates with marine groups in Singapore

Lloyd’s collaborates with marine groups in Singapore

The collaboration aims to enhance understanding of the insurance sector in marine industry.

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Hong Kong plays catch-up with Singapore

Hong Kong plays catch-up with Singapore

The city is facing a serious challenge and is lagging behind its competitors in many areas. Can China come to its rescue?

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Swiss Re to set up Asia headquarters in Singapore

Swiss Re to set up Asia headquarters in Singapore

The reinsurer intends to establish a new entity that will serve as its headquarters for regional reinsurance operations.

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HSBC Insurance gets Tier-1 status in Singapore

HSBC Insurance gets Tier-1 status in Singapore

The company joins a group of insurers whose total assets are at least US$3.6b.

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Singapore’s general insurers hit hard in 2016

Singapore’s general insurers hit hard in 2016

Domestic and external headwinds cut growth to a mere 0.6%, according to the General Insurance Association.

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Singapore insurers told to do the right thing

Singapore insurers told to do the right thing

Regulator says insurers should do more than just comply with rules and implement control measures.

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Singapore pushes for insurtech edge

Singapore pushes for insurtech edge

The Lion City wants to become an insurtech hub, in line with a vision laid out in its Committee on the Future Economy.

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New AIA investment centre opens in Singapore

New AIA investment centre opens in Singapore

The unit will provide better management of internal funds to improve delivery of returns to policyholders.

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ACR completes acquisition of Malaysia units

ACR completes acquisition of Malaysia units

The consolidation is part of a long-term strategy to enhance the operational efficiency of the ACR group.

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Allianz and StanChart sign 15-year bancassurance deal

Allianz and StanChart sign 15-year bancassurance deal

The agreement gives access to the bank’s retail clients in Hong Kong, Singapore, Malaysia, Indonesia and China.

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Singapore insurers to adopt tax-evasion measures

Singapore insurers to adopt tax-evasion measures

Tax residency status required for all account holders as part of a measure to combat tax evasion by 2018.

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Singapore’s ElderShield review set to start this month

Singapore’s ElderShield review set to start this month

The review committee will engage with caregivers, insurers and long-term care providers in a public consultation.

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Singapore seeks feedback on insurance scheme

Singapore seeks feedback on insurance scheme

Ministry of Health to review ElderShield as the country’s population ages.

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Singapore’s finance and insurance industry faces slowdown

Singapore’s finance and insurance industry faces slowdown

Analysts have slashed the city’s growth forecast for 2016 to just 0.5%, down from a 2% projection in September.

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Singapore motor insurance industry set for growth

Singapore motor insurance industry set for growth

The sector is buoyed by growing rental business, more use of telematics and a trend of younger buyers.

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Paul Davis, Allianz Global Corporate & Specialty

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