The Business Times
business-time-50

MSIG seeks to expand retail insurance business

Take-up of travel insurance has surged. Bancassurance deal with HSBC expands distribution

google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Tue, Aug 1, 2023 · 06:10 PM
    • MSIG Singapore chief executive Mack Eng aims to shift the composition of its business from 70 per cent commercial and 30 per cent retail, to a 50-50 mix.
    • MSIG Singapore chief executive Mack Eng aims to shift the composition of its business from 70 per cent commercial and 30 per cent retail, to a 50-50 mix. PHOTO: MSIG

    INSURANCE firm MSIG is beefing up its consumer business in Singapore, even as it seeks to expand its commercial book of business.

    A major plank in its efforts is the recently announced 15-year bancassurance partnership with HSBC, under which MSIG Singapore will distribute its commercial and personal range of insurance products to HSBC customers on an exclusive basis.

    In the travel segment, it has tied up with budget airline Scoot and Klook, an online platform for travel and leisure experiences in the Asia-Pacific.

    Insurance

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

    Manulife pulls loan product for rich Hong Kong clients after scrutiny

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More