New player riding on insurtech joins local life insurance market

Singapore

RIDING on the fintech and insurtech wave sweeping Singapore shores, newcomer Singapore Life harbours hope it would be able to make headway in an already intensely competitive life insurance market.

The insurtech company has received the green light from the Monetary Authority of Singapore (MAS) to be a fully licensed direct life insurer, making it the first local life insurance company to be licensed here in 47 years.