Insurance
HSBC kicks off Singapore insurance business sale, eyes over US$1 billion value: sources
The bank makes the bulk of its revenues and profits in Asia
Singlife offers new indexed universal life plan amid growing HNW demand
The launch comes amid growing appetite for UL plans, fuelled by rising wealth creation across Asia-Pacific
Indexed universal life plans hit the sweet spot among wealthy and mass-affluent clients
Demand for such jumbo policies is driven by rising wealth creation in Asia-Pacific
Points to consider before you commit to an indexed universal life plan
It is important to revisit the plan periodically, and ensure that you are able to consistently fund the premiums
Great Eastern posts 79% jump in Q4 profit to S$241.4 million, boosts HNW focus
The board proposes final dividend of S$0.30 per share for the financial year ended December
Manulife issues record US$300 million life policy for a single client
The sale reflects a nascent but growing use of insurance for legacy and succession planning among high-net-worth families
UK floods raise spectre of ‘mortgage prisoners’ across banks
In England, there are already 6.3 million properties in areas at risk of flooding
Automobile Association of Singapore rolls out first of its kind insurance for rental cars overseas
An annual plan, it will cover additional charges beyond the basic rental car protection coverage such as window or tyre damage and towing fees
China plans 200 billion yuan capital injection into biggest insurers: sources
It would be the first time Beijing has used special bonds to inject capital into insurers
Flood losses set to soar 1,000% in South-east Asia: insurance firm study
Scientists and analysts warn that deforestation, weak flood defences and lack of funding for disaster resilience heighten damages
