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Wednesday, February 26, 2020
Home Business At a Glance Singapore Life license to be issued by Nov – IC

Singapore Life license to be issued by Nov – IC

 

Multinational life insurance company Singapore Life is likely to secure a license to operate in the Philippines by November, the Insurance Commission said. “They will be applying and submitting the requirements for a license in the coming weeks. Expected issuance by November,” Insurance Commissioner Dennis Funa told reporters in a message. In a separate message, Singapore Life Philippines Chief Executive Officer Rien Hermans said the firm had decided to expand its operations in Southeast Asia following its success in Singapore. “After analyzing the attractiveness of the different markets, the Philippines was selected as one of two priority countries, predominantly because of its high growth potential and internet penetration,” he added. Hermans noted that, once Singapore Life secures its license, it would start launching products at the start of next year.


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Today’s Front Page February 26, 2020

Today’s Front Page February 26, 2020