Insurance

ESG INSIGHTS

Issue 178: Asia’s perennial problem of underinsurance

This week in ESG: Only 12.3 per cent of the region’s natural disaster losses were insured

The latest offer by Zurich Insurance Group values Beazley at about US$10.28 billion.

Zurich Insurance offers US$10 billion to buy UK insurer Beazley

[LONDON] Swiss insurance company Zurich Insurance Group has raised its offer to buy rival speciality insurer Beazley to 1,280 pence (S$22.016) per share in cash, it said on Monday (Jan 19), sending th...

The review will cover only HSBC Life Singapore, and consider all options for the insurance manufacturing business. No decision has been made.

HSBC weighs future of Singapore life insurance business as analysts assess impact on wealth strategy

The bank says this comes under the group’s global ‘ongoing simplification’ drive

As customers pay e-commerce platforms, and the platforms take a commission, the onus of service should also extend to the platforms.
LETTER TO THE EDITOR

E-commerce platforms selling insurance products should also hold a duty of care

Insurance products are not as simple as everyday gadgets

MSIG is supportive of MAS’ efforts to strengthen governance over digital advertising, says the writer.
LETTER TO THE EDITOR

MSIG implements rigorous internal controls aligned with MAS’ regulatory expectations

WE REFER to a recent article published by The Business Times (E-commerce platforms such as Shopee expand into insurance amid tighter regulatory scrutiny, Jan 12, 2026).

Carlton Crabbe, chief executive of Capital for Life, says the firm's survey of demand for indexed universal life plans finds a significant gap in advice, which is a "clear opportunity".

Rising appetite for high-net-worth insurance, even among the mass affluent

While this expands the traditional audience for HNW insurance, it also underscores the need for needs-based and suitability advice

Vincent Eck, Swiss Re’s head of key accounts and origination for Asia-Pacific ex-China), says "significantly larger" cases of traditional high-net-worth insurance products were placed in 2025.

Insurance solutions for the wealthy see robust demand

High-net-worth insurance earnings are expected to rise in double digits over the next two to five years

Cyclone Ditwah, which hit Sri Lanka and India late last year, has caused total losses of around US$4 billion.

Only 12.3% of natural disaster losses in Asia-Pacific for 2025 were insured: Munich Re

This makes it one of the least insured regions against natural disasters

Insurance distribution in Singapore is governed by the Insurance Act, which defines who may act as an insurance agent and the requirements they must meet, the GIA said.

E-commerce platforms such as Shopee expand into insurance amid tighter regulatory scrutiny

Questions around governance and oversight of the digital sales channels come into sharper focus

Surge capacity for selected treatments could be considered to deal with potential short-term impact from IP rider changes. 

Government took action on IP riders after spotting potential ‘serious market failure’: Ong Ye Kung

Private hospital IP rider premiums have grown at an average of 17% annually for the past three years, double that of IP premiums