Insurance

MAS banks on financial institutions to enforce robust IT security

All FIs in Singapore must comply with the Personal Data Protection Act (PDPA).

MSIG uses WhatsApp to streamline SME insurance process

SMEs constitute 99% of business in Singapore.

AIA to simplify policy language amidst customer feedback

Difficulty in understanding the terms is seen as the top reason.

SG's life insurance total weighted new business premiums surge 27% YoY in H1'24

Employment in the market was stable, a slight decrease of 0.5% versus last year.

MAS confirms no competitive concerns with Allianz deal

Income's market share in life and general insurance is less than 10%.

Two doctors suspended over non-compliant insurance claims

It will last for six months effective on 5 August.

NTUC Enterprise, Income Insurance defend Allianz deal amidst stakeholder concerns

Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.

Singlife's GROW platform expands with low-fee JPMorgan fund

The share class is designed to help CPF members meet long-term retirement goals.

Allianz acquisition aims to enhance Income Insurance's capabilities: NTUC Enterprise

The Singaporean insurer needs strong and continuous capital support.

Claims submission office opens in Singapore for Marine Honour oil spill

Whilst the shipowner is liable for damages, their liability is capped.

Red flags raised in Singapore's malpractice claims environment

These cases could see increased awards and higher premiums.

United Overseas Insurance Profits Rise 14.9% YoY in H1 2024 

Thanks to a surge in its dividend income on a year-on-year basis.

Income Insurance keeps affordable insurance offerings post-deal: NTUC Enterprise

It will still participate in national insurance programmes with the CPF Board.