Cigna increased premiums and cover for customers without being clear and transparent about the basis for the increase.
January 18, 2023Mystery shopping programme identified deficiencies in QDAP and TVC sales practices. Insurers and intermediaries with adverse findings will be required to take remedial actions.
December 29, 2022Applications will be open from 1 August. Fubon Financial and CTBC Financial have reportedly expressed interest in the licence.
July 6, 2022The board and senior management shall be held "jointly accountable" for bancassurance/bancatakaful products that result in "poor consumer outcomes".
July 3, 2022The new Life Code takes effect on 1 July 2023, providing the industry with twelve months to transition and make the necessary systems changes.
June 29, 2022Singapore's Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.
April 27, 2022HSBC Qianhai Securities was set up in 2017 and primarily engages in securities underwriting, brokerage and investment advisory services
April 11, 2022The rules will promote better disclosures and facilitate informed decision-making by customers who intend to use premium financing for life policies.
April 6, 2022HSBC reached an agreement with its joint venture partner to a remaining 50% equity interest in HSBC Life China in May 2020.
January 6, 2022Sponsors of internet-only insurers can include financial institutions and fintech companies. Applications are expected to open in August 2022.
December 24, 2021