Insurance

Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO

Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots

The new riders mean higher out-of-pocket expenses for you when you are hospitalised.

New Integrated Shield riders: Should you make a switch?

Riders are cheaper but increase out-of-pocket costs. Is the switch worth it? What are the hidden costs and cancer coverage changes?

Reinsurers covered just over 10% of total insured catastrophe losses in 2024, well below the historical average of 20 per cent, according to S&P Global Ratings.

Hedge fund money is reshaping a 180-year-old insurance model

Allocations to catastrophe bonds and other insurance-linked securities popular among hedge funds and institutional investors are rising, says Aon

For shipowners, traders and energy companies moving cargo in the Persian Gulf, the spike in premiums has sharply raised costs.

India plans sovereign guarantees for insurers as Iran war heightens shipping risks

A separate US$300 million fund is being set up to help settle any large increase in insurance claims, a source says

While out-of-pocket costs may increase, insurers say that they remain predictable and manageable.

New IP riders kick in with lower premiums, but higher out-of-pocket costs

Insurers are adjusting product features in response to the new framework

For a start, all seven Integrated Shield Plan insurers have to launch new riders by April 1 to meet the Ministry of Health’s new requirements.

Singapore’s medical cost inflation set to hit record 16.9%; insurers’ body urges collective action

[SINGAPORE] With medical cost inflation in Singapore projected to hit a record high of 16.9 per cent in 2026, the Life Insurance Association Singapore (LIA) called for collective action to tackle issu...

MAS will introduce equity counter-cyclical adjustments, designed to reduce procyclical behaviours during sharp market downswings.

Insurers’ search for yield must not compromise policyholder protection, says MAS assistant MD

They must exercise strong risk management and apply robust stress testing, adds the central bank’s assistant MD Marcus Lim

Most personal and business travel policies come with standard exclusions for war and conflict.

Middle East tensions highlight gaps in travel insurance for Singapore travellers

[SINGAPORE] The widespread disruption across global aviation triggered by the ongoing conflict in the Middle East has exposed gaps in standard personal and business travel insurance coverage, with mos...