Allianz Insurance Singapore Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/allianz-insurance-singapore/ Fri, 26 Jul 2024 09:56:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Income parent assures of commitment to Singaporeans amid backlash over Allianz deal https://insuranceasianews.com/income-parent-assures-of-commitment-to-singaporeans-amid-backlash-over-allianz-deal/ Fri, 26 Jul 2024 09:56:00 +0000 https://insuranceasianews.com/?p=159104 Chairman of NTUC Enterprise, the largest shareholder, said that the US$1.6bn Allianz' offer will not alter its "social commitments", and that it will continue to be an active shareholder.

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Income Insurance will continue to provide affordable and accessible insurance options to lower-income customers and the underserved following Allianz Europe’s SG$2.2 billion (US$1.6 billion) voluntary...

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]]> Allianz’s acquisition of Income is unlikely to change Singapore’s market landscape: Fitch https://insuranceasianews.com/allianzs-acquisition-of-income-is-unlikely-to-change-singapores-market-landscape-fitch/ Mon, 22 Jul 2024 22:40:19 +0000 https://insuranceasianews.com/?p=158656 The proposed acquisition is expected to strengthen Allianz’s presence in Asia and to elevate it from the ninth to the fourth-largest composite carrier by insurance revenue in the region.

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Allianz's deal to acquire Singapore’s Income Insurance is unlikely to materially change the competitive landscape of the country’s insurance market, according to a report by Fitch Ratings.
The transac...

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]]> Income Insurance acquisition highlights Allianz’s increasing focus on South-East Asia: S&P https://insuranceasianews.com/allianz-ses-proposed-acquisition-of-income-insurance-supportive-of-singapores-subsidiary-sp/ Mon, 22 Jul 2024 07:09:06 +0000 https://insuranceasianews.com/?p=158619 Allianz Insurance Singapore, rated "A+" with a "stable" outlook, remains a strategically important subsidiary of the group, as the rating reflects the extent of support the rating agency expects from the group.

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Allianz’s proposed expansion in Singapore through the pending acquisition of Income Insurance is supportive of the status of its subsidiary, Allianz Insurance Singapore (AIS), according to S&P Glo...

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]]> Battery risks extend EV insurance’s frontier into product liability https://insuranceasianews.com/battery-risks-extend-ev-insurances-frontier-into-product-liability/ Mon, 13 May 2024 23:30:28 +0000 https://insuranceasianews.com/?p=153818 The heightened risks of fire and explosions associated with the use of lithium-ion batteries are forcing (re)insurers to rethink the way they approach their motor insurance business.

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With the share of electric vehicles (EV) on the road steadily rising as regulators in the region adhere to their net-zero emission goals, insurers are rethinking the way they approach their motor insu...

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]]> Insurers tread a fine line in next gen motor as EV poses uncharted risks https://insuranceasianews.com/insurers-tread-a-fine-line-in-next-gen-motor-as-ev-poses-uncharted-risks/ Tue, 19 Mar 2024 23:30:29 +0000 https://insuranceasianews.com/?p=148700 Recent interventions by regulators in China and Taiwan highlight the quagmire faced by insurers in dealing with the emerging risks from underwriting EV policies, but there is little room for inaction as governments' net-zero commitments mean the days of conventional vehicles are numbered.

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Early adopters of electric vehicles (EV) in Taiwan are asking their insurers if dedicated EV insurance already available in China could have a place on the island. But across the straits, insurers in ...

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