Insurance
War risk insurance returns to Strait of Hormuz – at a price
Daily charter rates for oil supertankers have quadrupled within a week to nearly US$800,000
Allianz, Sun Life are said to weigh bids for HSBC Life Singapore
Considerations are ongoing, and the companies might decide not to proceed, while other bidders could also emerge: sources
Aramco sees ‘catastrophic consequences’ for oil markets if Hormuz strait remains blocked
Shipping and insurance disruptions now trigger domino effects across other industries
New IP rider premiums to cost at least 30% less, with one insurer offering an 84% reduction
All seven insurers will be launching new Integrated Shield Plan rider products by Apr 1
Climate risks increasingly pose threat to insurance markets, broader financial system: MSCI Institute
Larger tail events and the clustering of secondary perils can lower predictability
US launches US$20 billion reinsurance plan to ease Gulf oil trade
The strait carries about a fifth of global oil flows, as well as gas, fertiliser and other products
Maritime insurance premiums surge as Iran conflict widens
War premiums spike costs for shippers, traders, and energy firms moving cargo through Hormuz
Travellers stranded by war learn insurance won’t cover flight cancellations
The crisis is exposing a gap in the travel insurance market: nearly all policies exclude war-related claims
MAS expands environmental risk management guidelines for financial institutions
They will take effect from September 2027, and comprise specific suggestions for banks, insurers and asset managers
Budget 2026: MOH to extend MediShield Life to selected preventive surgeries, revamp MediSave scheme
An AI tool to help doctors flag Healthier SG enrollees at high risk of chronic disease will also be rolled out
