Startup Singapore Life targets industry shake-up
The new firm's chief executive, Walter de Oude, sets out his stall to AsianInvestor, with some arguing this could be a good time to challenge more traditional insurers.
The first local life insurance firm to gain a licence in Singapore since 1970 is looking to make an impact in the city-state’s wealth management industry by selling digitally and through financial advisers, and industry observers say it could well do so.
Singapore Life won approval on June 13 from the Monetary Authority of Singapore. It is capitalised with $50 million having completed a funding round in April this year, partnering two large reinsurers – Munich Re and Pacific Life …
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