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.