Insurance agents are just one rung below telemarketers on the list of people Singaporeans avoid… until they actually need them. Like them or loathe them, there’s no question that having a good relationship with a trusted agent is indispensable in Singapore, where medical insurance is a must for most
Terror attacks topped the list. Business leaders in Singapore are most worried about terrorist and cyber attacks for their companies, said a new survey from Marsh & McLennan Companies and Zurich Insurance Group. Singapore executives joined US counterparts in ranking terror and cyber attacks as their
As sensible readers, we know you wouldn’t dream of going abroad without travel insurance. Well, if you’re a parent travelling with kids who will no doubt insist that you sacrifice your shopping time so you can visit every theme park and zoo in town, travel insurance is a thousand times more important
Despite being one of the oldest industries in the world, the insurance industry has (relative to the banking and financial industries) been less responsive towards the technological advancements that are rapidly transforming the world outside of it, particularly developments in the FinTech space. As
When you stop learning, you stop living—quite literally in Singapore, actually, as you need to constantly learn and upgrade yourself in order to survive. Whether every single part of your body is insured for millions or you still have no idea what insurance you need or even why, if you don’t understand
Okay, so poring over insurance policies and actually speaking to insurance agents rather than running away from them isn’t exactly the most enjoyable way to spend a Tuesday night. You should totally avoid insurance agents like the plague—unless you actually do want to buy insurance but aren’t sure what
A lot of Singaporeans don’t care much for car insurance other than how cheap it can get every year, but this can lead to problems and disappointment should you ever need to make a claim. The annual premium of a policy is basically what you pay every year to be covered. Your premium depends on the company
Its order book amounted to $750m with over 55 accounts. Wing Tai Holdings' (Wing Tai) 4.35% perpetual bonds were more than four times oversubscribed. Wing Tai's order book received over $750m from over 55 accounts, 70% of which was from private banks, whilst the rest consisted of funds, insurance
Getting a car in Singapore is a bit like having a fancy dinner. In Singapore, we’re a little like that when it comes to car insurance. After all, when you’ve just spent so much on the vehicle itself, just getting the cheapest car insurance should be fine, right?
This was against a backdrop of a soft labour market. The Life Insurance Association Singapore (LIA Singapore) announced that the life insurance industry has reached a total of $1.68b in new weighted new business premiums for the first six months of the year. This is a positive development in the context
Its wealth management and insurance operations were stellar performers. The second quarter performance of OCBC was impressive given the 22% YoY increase in its net profit to $1.08b. According to the group, its banking, wealth management and insurance operations delivered a strong year-on-year performance
Contrary to popular belief, personal accident insurance coverage isn’t just for risky jobs. In fact, if you haven’t already read what you need to know about personal accident (PA) plans, they’re useful ...
The insurance arm of OCBC Bank reported a stellar set of numbers in its quarterly financial report, with net profit attributable to shareholders shooting up by 173% to $279.5m. For the said quarter, its profit for life insurance grew 123% to $244.2m, whilst is general insurance profit dwindled by 55%
Great Eastern Holdings’ general insurance arm, Overseas Assurance Corporation (OAC), has been rebranded as Great Eastern General Insurance (GEG) in Singapore, with its operations in Malaysia targeted to follow suit end of August 2017. The rebranding is part of the company’s strategy to strengthen its
It is in collaboration with MSIG. MSIG Insurance and DBS Bank have announced the launch of Singapore’s first instant electronic payment service for travel insurance claims. The new initiative will reduce ...
The divestment could yield $426m. Singapore banking giant OCBC agreed to divest its 33.3% stake in Hong Kong Life Insurance to First Origin International. According to UOB Kay Hian, the transaction resulted ...
Each time I scroll through my Facebook timeline, I no longer get accosted by party photos or pictures of people’s kids. No, the most aggressive Facebook posters on my list are property agents and insurance agents, plugging their latest property listing or trying to share tips on financial planning.
These will account for almost 40% of their spending by 2021. Singapore's affluent middle class supports high spending on non-essential goods and services such as personal, insurance & other, recreation ...
While any attempt to put in place redundancy insurance must surely be accompanied by a litany of caveats and conditions, it’s not fair to say that there are no positive benefits to instituting such a policy. Here are four benefits of redundancy insurance that might actually improve Singaporeans’ lives
It is being supported by 16 financial institutions. A report from Reuters said a central bank-backed fintech firm CCRManager Pte Ltd launched what it says is the first digital platform for the distribution of international trade financing, transactions now handled mainly by phone and email. CCRManager
Banking giant Oversea-Chinese Banking Corporation (OCBC) reported a lift in net profit for the quarter ending in March, up 14% to $973m compared to $856m last year. The robust yearly performance was largely driven by sustained growth in wealth management income, higher profit from insurance operations
The life insurance industry's agility in responding to consumers' fast-changing needs has led to its robust growth seen in the past quarter. According to the industry report released by Life Insurance Association Singapore (LIA Singapore), a total of $811m in weighted new business premiums was
The Asia-Pacific financial dashboard by Google revealed that two in three Singaporeans already have a brand in mind when searching for financial products. This comes as mobile search growth for financial products registered a 28% year-on-year increase. The study revealed that Singaporeans are on the
Key drivers were the finance & insurance and healthcare sectors. The national customer satisfaction score in Singapore rose to 71.8 points in 2016, driven by increases across all sectors except Logistics ...
When the travel bug bites but you’re so broke you need to take the MRT to Changi Airport the night before to catch your 5am flight, it’s tempting to travel in extreme budget mode. Some of your extreme budgeting measures might include staying in hostels infested with sweaty, hormonal teenagers, treating