The risk that first appeared was geopolitical risk, then energy prices and food market risk appeared. A disrupted shipping route created supply chain risk. Following on its heels was cyber operations risk, and then production and financial risk.
Two Singapore-registered container vessels were struck by unknown projectiles while transiting the Strait of Hormuz on 13 and 14 October, respectively, according to Singapore's Maritime and Port Authority (MPA). One vessel sank, while the other sustained hull damage.
In the lead up to the Singapore International Reinsurance Conference, members of the Singapore Reinsurers' Association (SRA) Executive Committee lay out their plans for the association and the reinsurance industry in Singapore. We speak to SRA EXCO members Anna Kohls, Sasa Hu and David Kim on AI, talent and the future of the reinsurance community.
Singaporean insurer Singlife has announced a partnership with NHG Health designed to improve customers' access to specialist care and explore new care models that support better health outcomes, recovery and healthcare sustainability.
The Singapore College of Insurance (SCI), together with Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic, Temasek Polytechnic and the Institute of Technical Education have signed a five-year Memorandum of Understanding (MoU) to strengthen insurance talent attraction and development.
S&P Global Ratings forecasts robust real GDP growth of 5.2% for Singapore's life insurance sector in 2026, with strong fundamentals to support the growth trajectory through 2027.
Prudential Singapore has launched PRUActive Family Care (PAFC), a whole-of-life protection plan designed for Singaporeans caring for multiple generations. The plan enables caregivers to provide protection for both their child and ageing parents under a single policy.
Singapore government has initiated the process to amend the Maritime and Port Authority of Singapore (MPA) Act 1996. The Maritime and Port Authority of Singapore (Amendment) Bill was introduced for First Reading in Parliament on 6 October 2026.
Great Eastern has welcomed Mr Hicham Raissi as Managing Director, Group Head of General and Group Insurance.
SG Re has secured in-principle approval from the Monetary Authority of Singapore for registration as a general reinsurance broker, and will be commencing operations by October once its registration is complete.