Prudential Singapore has been given the nod by regulator the Monetary Authority of Singapore (MAS) to set up a new financial advisory (FA) firm, promising a wider range of products and services to its customers.
The General Insurance Association (GIA) of Singapore has launched a new accident reporting system called GIA Easy Accident Reporting System (GEARS). The online platform went live on November 30 yesterday.
Grab Financial Group (GFG), Southeast Asia's fintech platform, has announced the launch of Hospital Cash Cover (inpatient protection), the first inpatient protection product for users, in collaboration with PT Asuransi Simas Jiwa in Indonesia.
The General Insurance Association of Singapore (GIA) announced that the sector achieved stable growth with 7.6% annual growth in gross written premiums, totalling S$4.10 billion as at 31 December 2019. The sector paid out 12.2%, or S$159 million, more in insurance claims in 2019, which contributed to the sector recording an underwriting loss of S$28 million.
Welcome to another week of what's new in the market.
Prudential Singapore and DirectAsia Insurance Singapore have announced an exclusive strategic partnership to provide their customers with a more comprehensive suite of life and general insurance products.
We bring you a roundup of what's new in the market in recent weeks. It pays to know what's happening in the industry so you are not caught unawares. It can even be a sneak peek into what's to come in your home market.
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