Singapore

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.

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.

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.

Tokio Marine Life Insurance floats coronavirus financial aid

Policyholders with in-force individual life policies can obtain a lump sum of $5,000.

Insurtech firms raise $1.1b in 53 transactions in 2019

$828.1m were raised in the top 10 deals, accounting for 74.7% of the total capital raised.

Sedgwick appoints deputy CEO for its Singapore operations

Sedgwick has appointed Stephen Kwang as deputy CEO of Sedgwick Singapore, an announcement revealed.

AXA, Doctor Anywhere launches medical teleconsultation services in Singapore

Insured corporate clients can avail of video consultations through Doctor Anywhere’s app.

AIG, SRX launch insurance policy to replace rent security deposits

AIG Landlord Insurance will cover loss and damages not limited to the amount of the deposit.

AIA Singapore names Delon Choo as CEO of AIA FA

Choo was recently with Chubb Life. AIA Singapore has appointed Delon Choo as chief executive officer of AIA Financial Advisers (AIA FA) effective 23 December 2019, according to a news release.

Insurance Asia Awards 2020 is now open for nominations

Deadline for submission of entries is on 28 February 2020.

Insurance firms tap into big data for new products

Total assets of the 50 largest insurers went down 6.47% to $217b in 2019.

China Taiping floats first universal life plan for HNWIs

Infinite Universal will cover legacy planning, estate planning, and business continuity.