The Insurance Claims Complaints Bureau (ICCB), which was established in February 1990, has changed its company name to The Insurance Complaints Bureau (ICB) with effect from 16 January 2018. Mrs Pamela Chan Wong Shui has been named Chairman of the ICB.
NTUC Income launched Singapore's first digital offering for Integrated Shield Plan (IP) yesterday via its online portal healthinsurance.income.com.sg, allowing customers here to purchase private health insurance without an advisor.
The retirement age in Vietnam, currently 60 for men and 55 for women, may be gradually raised to 62 and 60, respectively, beginning in January 2021, the Ministry of Labour, Invalids and Social Affairs (MOLISA) has proposed.
Personal relationships are under financial strain, while housing and living arrangements are of major concern to Hong Kong people according to the 2017 Prudential Relationship Index ("PRI"). The findings highlight a need for more fulfilling relationships and comprehensive financial planning for the people in the city.
The insurance industry is extending the age range of life products and including cover for more diseases and for mental illness, to cater to the needs of the ageing population in mainland China and Hong Kong, according to a senior executive at global reinsurer Swiss Re.