Manulife has unveiled a brand campaign in Hong Kong to empower the younger segment to rethink their mandatory provident fund (MPF) and take control of their retirement planning.
The federal government is backtracking on one key financial adviser education requirement by scrapping the list of approved qualifications and proposing to allow any bachelor's degree or higher.
TATA AIA Life Insurance has introduced the Smart Pension Secure Plan, an innovative unit-linked pension plan (ULIP) designed to meet the evolving retirement needs of modern professionals and digital-savvy consumers.
The AIA Group is expected to report a 23% year-on-year growth in its value of new business (VONB) for the fourth quarter of 2024, driven by a rebound in China and strong sales in Hong Kong and Singapore, according to UOB KayHian.
Suncorp Group has completed the divestiture of its New Zealand-based Asteron Life business to Resolution Life Australasia for NZ$410 million (US$228 million).
Bangkok Life Assurance has launched two new insurance plans through its agents - Prestige Saving 12/6 and Prestige Life 99/20 - suitable for people with high incomes who have financial planning goals for future security.
Muang Thai Life Assurance (MTL) expects its total premiums to rise substantially from 2024 thanks to life and health insurance premium growth, despite adjustments for the new Thai Financial Reporting Standard 17 (TFRS 17).
AIA Singapore and Raffles Hospital have signed a Memorandum of Understanding (MoU) to jointly pursue key initiatives, which will enhance Singapore Residents' access to quality healthcare services at Raffles Hospital.
FWD Hong Kong has signed a long-term bancassurance agreement with Bank SinoPac, marking a strategic move to broaden its market presence among high-net-worth individuals and commercial clients.
The life insurance sector in Singapore, which experienced a strong rebound in 2024, is poised to maintain its upward trajectory into 2025. With growing consumer interest in sustainable insurance products and ongoing advancements in digital transformation, the industry is well-positioned to meet emerging demands.
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