Insurance

MAS sets aside $30m to help insurers build expertise in funding major projects

MAS is also proposing changes to the capital insurers must set aside against investment risks, reducing requirements for investments where the risks justify this.

Hong Kong plans rules for insurers’ hot new growth market

Hong Kong’s revised guideline is expected to take effect in 2027.

72% spike in number of people who dropped their IP riders in 2025

More than 112,000 of those who have purchased private health insurance add-ons to cover their share of the hospital bill have pulled out in 2025.

Genetic testing is good for health. But what about insurance?

A research officer at Khoo Teck Puat Hospital processing patients’ blood samples for genetic sequencing.

Personal data of 110,000 members of Alliance Medinet breached; several insurers affected

The data breach involved a third party’s unauthorised access to Alliance Medinet’s system containing its membership database.

China’s push for contributions to bolster social insurance schemes draws online backlash

Economists say strengthening the social safety net is crucial for China to encourage household consumption in the long term.

Japan’s Daiichi Life unit tables offer to take over Australia’s Challenger

In Good Company

Pearlyn Phau is in the market for a suitable match for Singlife

Singlife Group CEO Pearlyn Phau says the company needs scale to grow further, so it is open to mergers or buyouts.

Prudential Japan executives take pay cuts over staff misconduct involving customers’ money

President Hiromitsu Tokumaru and two others will take a 30% reduction in compensation for three months to take responsibility for the matter.

Income Insurance appoints former Manulife Singapore top man as new CEO

Insurance veteran Khoo Kah Siang will assume his new position on Jan 23, 2027.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.