Insurance

BT EXPLAINS

What is a protected cell company and how could it benefit businesses?

MAS’ proposed protected cell company structure allows assets and liabilities to be segregated into individual “cells” within a single legal entity.

MAS proposes new corporate structure to grow alternative risk transfer market

Participating insurance policies remain a staple among Singapore savers despite a relatively stronger take-up of investment-linked plans over the past year.
MIND THE GAP

Strong year for insurance par funds, but bonuses stay the same for most

DPM Gan Kim Yong says Singapore “needs to renew its usefulness and relevance in a fast-changing world”.

Singapore to introduce new corporate structure for insurance, speed up approval of new fund types: DPM Gan

Allianz has received claims due to the Iran war, some of which could include total losses of vessels, according to its annual safety and shipping review.

Ship insurers set for major claims from Iran War, Allianz says

“I want people to be very proud of Great Eastern as a local champion,” says group CEO Greg Hingston.

​Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot

Insurers have increasingly been looking to target Asia’s growing wealthy class, after years of focusing on mass-affluent customers.

AIA, Prudential create senior roles in Hong Kong for wealthy China clients

Wealthy mainland Chinese flock to Hong Kong to buy insurance policies, to accumulate foreign currency and manage wealth.

Hong Kong insurance regulator vows crackdown on rule-breakers

In January, HSBC started a review of the business, also saying that Singapore was a priority market.

Allianz said to lead bidding for HSBC’s Singapore insurance unit