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Nov
26

Risk of Fatal Drug Allergy Can Now Be Assessed Through Genetic Testing

A new study from researchers in China and Singapore shows that a fatal hypersensitivity to the drug dapsone is based in genetics, and can be assessed before the drug is prescribed.

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Oct
28

New Report Predicts South East Asian Health Insurance Boom by 2020

A recently published report about the health insurance market in South East Asia predicts that the industry will grow by 15 per cent year on year until 2020

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Dec
12

Aviva Ceases Medical Insurance on IdealMedical and Global Health plans in Singapore

Globalsurance has learned that Aviva Ltd is set to stop providing medical insurance products in Singapore to some of its clients, potentially impacting 5,000 to 10,000 insured people on the IdealMedical and Global Health plans. It is understood that Bupa International and Raffles Health Insurance (RHI), who partner in Singapore,…

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Oct
10

Compliance in International Private Medical Insurance Gathers Pace

In a move that has caught agents and brokers off guard, Nordic Healthcare, a provider of international health insurance, has announced that it will cease sales of new individual policies in all but its core markets.  This means that, with immediate effect, Nordic will no longer be issuing new IPMI policies anywhere in the world except Europe, Singapore, Hong Kong, Thailand and Vietnam. The announcement…

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Oct
10

Parallels Between the Singaporean and Japanese 'Silver Tsunami'

A recent publication from the Singapore Department of Statistics has stated that the city state has continued to see a year-over-year increase in its population from 5.18 million in 2011 to 5.31 million in 2012. However, the reality of the situation is that annual population growth has slowed from 3.5% to 2.5%…

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Feb
14

Singapore Life Insurance Sector Progress

Singapore's life insurance industry has been able to weather volatile global capital markets to great affect this past year, with new business premiums crossing the S$2 billion threshold for the first time in 2011 according to a new report. In their year-end dataset released this week, the Life Insurance Association of Singapore (LIA) revealed that the…

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Apr
01

Cigna Moves Into Singapore, Adds Individual International Coverage

Cigna Inc, the leading international group health insurer for expatriates and other individuals traveling abroad, was today granted a license to operate in the Singapore health insurance market. The move reaffirms the company's commitment to developing its international business

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Aug
10

Singapore's Life and Health Insurance Business Up on New Sales

The life insurance industry in Singapore is riding high, after growth in new sales of life insurance and health insurance policies continued into the second quarter of the financial year. The new business premiums in the Singaporean life insurance market were up 16% year-on-year for the second quarter, with figures for the first half of 2010 showing total weighted new business premiums growing…

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Aug
06

AXA PPP International Continues Asia Expansion

After having established a dedicated health insurance operation in Asia, AXA PPP International is now in the process of revamping its distribution network to increase their capabilities in the region. Teaming up with AXA Asia General Insurance (AGI), their partnership aims to increase the volume of business for both life and general insurance in Singapore, Malaysia, Indonesia, Thailand, Hong Kong and China, places where AXA has already established a presence.

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May
26

Asian Markets Lukewarm about Launch of Prudential Shares

The response by investors to the first trading day of Prudential shares in Hong Kong and Singapore has been tepid, in part due to the current slump in the markets in Asia, the which augurs a possible undesired response to the big rights issue planned by Prudential with which to finance the US$35.5 billion (EUR 28.9 billion) takeover of AIA.

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