Singapore

Personal data was leaked through payment advice letters.

It has already boosted its digital capabilities in the region.

In recent years, Asian insurers have increasingly turned to data and analytics tools to drive growth and improve operational efficiency. Many have invested in starting up analytics teams or setting up insurtech partnerships to launch pilots. To date, some of the most popular use cases revolve around increasing new business by suggesting the next product to buy, improving claim-fraud detection, and increasing the straight-through processing rate of new life insurance policies.

The region's mortality gap hit $8t in 2019.

Operating profits surged 57% to $351.3m (S$484.3m).

Teleconsultations can be booked through Fullerton Health's FHN3 app.

It is also offering additional retrenchment benefit from 7 July to 31 August.

Wong Sze Keed was recently promoted to CEO in 1 July.

He was the former P&C claims manager for Swiss Re Asia.

Premiums start for as low as S$0.73 a day.

Dash EasyEarn offers 2% p.a. returns for the first policy year.

Great Eastern will take a 22% stake in Axiata-owned Boost Holdings.

A product with a wide-reaching coverage and having a strong digital service is the way to go, says CEO Walter de Oude.

It covers 30 days and can grant up to S$100,000 for accidental death.

These include one month of complimentary coverage upon renewal.

The insurer will also allow flexibility in working arrangements.