Singapore's life insurance industry recorded a total of S$1.37bn ($1.01bn) in weighted new business premiums for 1Q2024, an increase of 32.2% compared to 1Q2023, according to the Life Insurance Association, Singapore (LIA Singapore) in a statement released yesterday.
Italian export credit agency SACE has opened an office in Singapore to help Italian companies capture growing trade and investment opportunities across Southeast Asia.
Oversea-Chinese Banking Corporation (OCBC), one of Singapore's biggest banks, has announced a S$1.4bn ($1.03bn) voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings that it does not currently own.
One of the themes explored at the 17th Asia Insurance CFO Summit 2024 was the implementation of IFRS17 and how CFOs can leverage data from the financial standard to drive performance.
The government will not compel insurers to appoint a panel that can override their decisions on providing insurance coverage for disabled and neurodivergent persons, according to Mr Lawrence Wong, deputy Prime Minister and Minister for Finance, and chairman of MAS.
In Asia, one in three business leaders reported that political risk was the biggest threat to their business this year.
The Life Insurance Association, Singapore (LIA Singapore) has announced the launch of its enhanced protection gap calculator.
Asian governments, regulators and businesses need to sustain collective commitment and action, strengthen climate disclosures and support the de-risking and viability of transition financing to fully play their regional role in the global effort to reach net zero according to Monetary Authority of Singapore (MAS).
Alta, which operates a private-market digital securities exchange in Asia, and Phillip Securities Pte Ltd (PSPL), the largest retail broker in Singapore, yesterday announced the inaugural trade for the first tranche of shares from Income Insurance shareholders.
One of Singapore's leading life insurers, AIA Singapore, yesterday launched AIA Wealth Centre, dedicated to serving regional and domestic affluent and high-net-worth (HNW) individuals and families.