(THE BUSINESS TIMES) – NTUC Income customers who buy its travel insurance will now receive Covid-19 coverage as well, for medical-related expenses while overseas. Travellers…
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Critical for insurance to be more transparent
Many of us shove our insurance policies into the drawer and give them no further thought, yet they are probably the second-most valuable “asset” families…
Trading in resale endowment and life policies carries risks
SINGAPORE – Say you have $10,000 in savings and you are looking to park that in an endowment plan. Would you buy a new 12-year…
Cybersecurity is top business worry in 'age of risk': Marsh & McLennan CEO
FILE PHOTO: A projection of cyber code on a hooded man is pictured in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration (Reuters)…
Life insurers' balancing act only gets harder
A persistent low interest rate environment and a tougher risk-based capital framework would make it harder for Singapore life insurers to deliver the projected non-guaranteed…
Hedge funds make pandemic bet on insurance
LONDON (Reuters) – Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers…
Most CPF members to pay less DPS premiums for more cover
Most Central Provident Fund (CPF) members under the Dependants’ Protection Scheme (DPS) will enjoy lower premiums for a higher sum assured of $70,000 from April…
U.S. Treasury warns cyber insurers payments to hackers may violate sanctions
(Reuters) – Cyber insurers and other financial institutions that facilitate payments to hackers to end cyberattacks risk running afoul of sanctions rules, the U.S. Treasury…
Aviva in talks for piecemeal sale of Italy business: sources
LONDON/MILAN (Reuters) – Aviva AV.L is weighing a piecemeal sale of its Italian business which consists of two joint venture agreements focused on life insurance…
Admiral Insurance boss gives staff £10,000,000 bonus after retiring
The boss of Admiral Insurance is giving staff a £10 million leaving present after stepping down. Chief Executive David Stevens, 58, will hand over £1,000…