Singapore's Income Insurance is exploring options as it looks to expand across the Asia Pacific region, including possibly tying up with a partner or selling a stake, reported Bloomberg quoting people familiar with the matter.
The Monetary Authority of Singapore (MAS) and the People's Bank of China (PBOC) have discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024.
Singlife has introduced Singlife Dementia Cover, the first insurance policy in the market specifically designed to provide annual financial support to individuals diagnosed with dementia and other mental health conditions.
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.
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.
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.
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.