Tuesday, December 12, 2017

Singapore

Great Eastern posts solid profit

Great Eastern posts solid profit

Net profit surged 173% year-on-year thanks to strong sales from agencies and bancassurance business.

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Only 10% of Asian firms prepared for cyberattacks

Only 10% of Asian firms prepared for cyberattacks

Businesses in the region are ill-equipped against and not covered for cyber attacks, says QBE survey.

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Great American boosts Singapore management

Great American boosts Singapore management

The company has hired three new senior executives, according to a statement.

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Ping An eyes fintech, healthcare assets abroad

Ping An eyes fintech, healthcare assets abroad

China’s largest insurer by market value is on the hunt for assets in the US, Israel and Singapore.

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Singapore studying ElderShield takeover proposal

Singapore studying ElderShield takeover proposal

The government is in a better position to administer the scheme, according to the ElderShield Review Committee.

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OCBC sells 33.3% stake in Hong Kong Life Insurance

OCBC sells 33.3% stake in Hong Kong Life Insurance

The sale to First Origin International yielded a return of around US$309m.

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Singapore rocked by Lee family feud

Singapore rocked by Lee family feud

The rift between Lee Kuan Yew’s children is threatening the Lion City’s composure.

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Singapore firms ill-equipped against business liability

Singapore firms ill-equipped against business liability

Most local companies are not prepared for the potential damage, according to results of a survey launched by QBE.

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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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WINTER 2017

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