pstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:#000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"MAS found no unfair practices but stressed improved insurer communication.
Singapore said whilst insurers may appoint third-party advisors regarding insurance provisions for disabled and neurodivergent individuals, they won't be compelled to override decisions.
In response to a parliamentary inquiry, Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Chairman of the MAS, highlighted MAS's commitment to fair underwriting practices. MAS will formalise this commitment in revised guidelines to be issued shortly. Insurers are expected to assess applications objectively, utilising their expertise and risk assessment tools.
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Wotton + Kearney eyes Singapore for regional officepstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"The Singapore practice will be led by Ben Nicholson.
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Sompo Singapore to bolster regional strategypstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"The company is unlikely to be divested by the group, says S&P Global.
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25% of employers to enhance insurance coverage in the next two yearspstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"More than half of companies are already offering health and wellbeing benefits.
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MSIG Singapore to maintain footing from parent support: S&P Globalpstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"S&P Global Ratings said the insurer will remain highly strategic.
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Income Insurance debuts in AltaXpstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"Income Insurance shareholders can sell their shares to Phillip Securities.
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60,000 gig workers to get insurance from JodRewards programmepstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"The sponsored benefits are underwritten by Etiqa Insurance Singapore.
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