Insurance
Coronavirus likely to hurt Ping An's business in H1 2020
Agent-driven sales have slowed down due to the virus.
Coronavirus likely to hurt Ping An's business in H1 2020
Agent-driven sales have slowed down due to the virus.
Prudential Singapore commits $1.5m COVID relief package
Affected SME clients can defer their premium payments for up to three months.
Great Eastern's profit climbed 36% to $1b in FY2019
Profit from its shareholders’ fund surged 266% to $277m from higher valuation.
NTUC Income widens COVID-19 coverage to low-income Singapore households
The IFMIS provides a cash payout of $200 per day of hospitalisation.
Manulife Singapore commits $1m for enhanced COVID-19 coverage
A customer diagnosed with the virus will receive a one-time cash benefit of $1,500.
Asian insurtechs raised over $3b in 121 deals since 2015
Total capital raised jumped at a CAGR of 155.6% between 2016 and 2019 to over $970m.
Singapore's PDPC warns AXA, NTUC over data breaches
Policyholders' personal data were sent over emails to unintended recipients.
Singapore IPs, IP riders to cover nCov medical expenses
Many non-IP individual and group health insurance policies will also cover medical costs.
HSBC Life Singapore extends coronavirus benefits to customers
Customers may receive $1,000 in the event that they contract nCov in Singapore.
Chubb names Jon Longmore as new Indonesia president director
He will replace Tai Kuan Ly.
China's insurance sector face limited impact from coronavirus
But prolonged disruption could hurt their investments.
Singapore health insurance business premiums hit $465.7m in Q4 2019
IPs and IP rider premiums comprised $419.7m of the amount.
Singapore life insurance employment up 6% in 2019
Expertise in digitalisation transformation remains highly sought after.
Singapore life insurance business premiums up 0.4% to $4.3b in Q4 2019
Total sum assured for new businesses grew 7% YoY to $149.5b.
Allianz China Insurance, Allianz SE form joint coronavirus emergency fund
The $570,040 (RMB4m) initial pledge will support frontline workers in Hubei Province.
Ping An's CT imaging vehicle at Wuhan to help treat pneumonia related to 2019 nCov
Medical staff can perform lung CT scans faster for patients in quarantine.
Ping An's CT imaging vehicle at Wuhan to help treat pneumonia related to 2019 nCov
Medical staff can perform lung CT scans faster for patients in quarantine.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. OCBC courts Great Eastern with S$1.4b offer 4. Singlife introduces first market insurance for dementia care 5. Italian insurance-financial firm opens office in SingaporeResource Center
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Jul
09
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
Co-Written / Partner
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. OCBC's bid for Great Eastern Life to boost sector valuations 3. OCBC courts Great Eastern with S$1.4b offer 4. Singlife introduces first market insurance for dementia care 5. Italian insurance-financial firm opens office in SingaporeAwards
Jul
09
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Firewalls are never enough