Singapore is witnessing a remarkable surge in digital life insurance, but insurers must adapt to evolving regulations to keep pace.
Currently, 50% of Singaporeans have secured some form of health insurance online, while Life insurance has experienced a notable 12% growth from 2020 to 2022.
As demand continues to rise, it’s crucial for both established players and new entrants to stay informed about changing compliance standards. The Monetary Authority of Singapore oversees insurance and reinsurance activities, providing regular updates and guidelines.
With years of experience, we at Intellimin understand the common risks involved in implementing new systems or transitioning from older ones. Our platform is highly adaptable, designed to accommodate any life and health insurance product and business model.
At Intellimin, our health & life insurance technology is not only efficient but also backed by responsive customer service, ensuring that we meet the needs of our clients effectively.
Get in touch with our team today to talk about our modern cloud-based platform.
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