insurance

Singapore reinsurers warned of losses from shared AI systems

Singapore reinsurers warned of losses from shared AI systems

Common technology providers could expose multiple insurers to simultaneous failures.
1 day ago

Allianz Singapore offers $39 haze-related medical cover

Eligible policyholders can claim outpatient treatment expenses until 15 November 2026.

KoverNow widens insurance cover as collectors turn digital

AXA XL underwrites the new Singapore policies for fine art and high-value collectables.

Ransomware hits cyber insurance for 47% of Singapore firms

Semperis finds attacker use of AI was reported by 60% of affected local organisations.

Allianz travel insurance covers delays up to $2,310

Overseas medical benefits reach S$2m whilst eligible travellers also receive baggage protection.

Singlife, NHG Health target high-volume digestive claims

The insurer and the healthcare group will work together to enhance specialist pathways and deliver appropriate care.

Prudential plan eases protection gap for caregivers

Children receive lifetime cover whilst parents gain protection for specified age-related conditions.

Monday Wrap: Young architects rise, insurers rethink adequacy, AI trust gaps widen

Architecture's young talent, a shift in insurance strategy, AI trust gaps, and rising bank margins mark the week.

Insurers face shift from coverage to adequacy

About 53% of residents see insurance as supporting financial independence.

Singlife launches 388-year legacy insurance plan

Policyholders can change the life assured and appoint a secondary insured person across generations.

Prudential opens unit trusts to 5,400 agents

The expansion starts in 2027 and adds wealth accumulation products to tied-agency consultations.

Etiqa ties travel insurance rewards to repeat spending

Eligible flight delays of at least three consecutive hours can trigger automatic claims payouts.

Singlife AI handles over 20% of email enquiries

Buddy has shortened average customer service handling time by 30% since its rollout.

Platform workers lack routine care despite new safeguards

foodpanda and Singlife launched a clinic-discount programme in August.

Income Insurance commits $528m to climate investments

The insurer is working toward a S$1b climate transition financing target.

Manulife eyes affluent market with two whole life insurance plans

Both offerings are denominated in US dollars and provide guaranteed death benefits.