Insurance Companies in Singapore

Etiqa Insurance Pte. Ltd. (EIPL) is a life and general insurance company licensed and regulated by the Monetary Authority of Singapore and governed by the Insurance Act 1966. Having protected customers in Singapore since 1961 under the name United General Insurance Co. Sdn. Bhd., the company transitioned into the Singapore branch of Etiqa Insurance Berhad in 2009. Today, EIPL in Singapore stands as the pivotal operating entity of Etiqa Insurance Group, a leading insurance and takaful provider in ASEAN. EIPL offers a comprehensive range of life and general insurance products accessible through its diverse distribution channels, including bancassurance, agents, brokers, financial advisers, partnerships, direct and online sales via Tiq by Etiqa. Etiqa is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favorable’ business profile. EIPL is owned by Maybank Ageas Holdings Berhad, a joint venture combining local market expertise with international insurance knowledge, with 69% ownership by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group operating across 13 countries.

bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. Headquartered in Singapore, bolttech serves customers in 35+ markets across North America, Asia, Europe and Africa. With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. For more information, please visit https//bolttech.io.

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner. We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions. Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management. Please note that our career opportunities are only posted on our Career Website (https://gecareers.taleo.net/careersection/ex_singapore/jobsearch.ftl?lang=en&portal=8116760849) and on our authorised job platforms, such as, LinkedIn, JobStreet and eFinancialCareers. We do not initiate any unsolicited calls and all official emails from Great Eastern will be sent from email addresses ending with “@greateasternlife.com or @greateasterngeneral.com”. Should you receive any communications outside from these channels, please do not provide any personal information and do reach out to us at greatcareers@greateasternlife.com for us to assist you and confirm the legitimacy of the content.

John Foord specialises in the valuation of plant, equipment, and property and was founded in London in 1828. An independent advisory firm we provide reinstatement cost assessments for insurance companies, re-insurers, brokers and the insured. As well as insurance, we provide financial valuations of specialist assets for financial reporting, lending and asset management purposes. We deliver valuations for a wide range of assets encompassing commercial and residential buildings, civils, structures, plant and equipment and we value some USD 100 billion of assets annually. Our expertise is sought by numerous industries including oil & gas, telecommunications, airports, building materials, hotels, marine, mining, power, petrochemical and food & beverage. John Foord has offices in Singapore, Hong Kong, Thailand, China, Australia, UK, Middle East and the Americas and we work with clients in over 40 countries annually. For more details on our firm and our range of services please go to www.johnfoord.com

CoverGo is the leading global no-code insurance platform for health, life and P&C, enabling insurance companies to transform digitally in the most flexible, scalable and cost-effective way. CoverGo’s platform is powered by the most comprehensive set of insurance APIs (1,000+) in the market allowing companies to integrate with other systems and create a robust insurance ecosystem. Insurance companies use CoverGo to build and launch all types of insurance products within days, develop omni-channel distribution and digitize policy admin and claims. CoverGo is ISO 27001 certified and already working with insurance companies and delivery partners in Asia, USA, Canada, Latin America, MENA and other markets across the globe. CoverGo is the global insurance technology market leader as recognized by a number of awards incl. • Global Top 100 Insurtech - Digital Insurance Agenda • Insurtech of the Year in all Asia - 25th Asia Insurance Industry Awards 2021 • The Most Innovative Insurance Technology Service Provider - International Finance Technology Award • Grand Fintech Prize - FIBC Japan • The Best Technology Provider to Insurance Companies – DigFin Innovation Awards 2021 • Insurtech 100 - FinTech Global 2021 & FinTech Global 2022 CoverGo is backed by leading US insurtech and fintech VC funds and strategic investors from the US, Asia, Africa, and the Middle East: • SemperVirens VC, with our lead investor Caribou Honig • SixThirty, Tribeca Early Stage Partners and Fresco Capital • Old Mutual, Asia Financial Holdings, XN Worldwide Insurance, Noria Capital CoverGo is also part of leading insurtech and fintech programs: • Accenture Fintech Innovation Lab New York • InsurTechNY • Plug & Play Insurtech Silicon Valley • InsurLab Germany • Dubai International Financial Centre Fintech • Accenture Fintech Innovation Lab APAC • Plug & Play Fintech Japan • Monetary Authority of Singapore Global Fintech Program • InsurTech Hub Munich and others

Nectar Specialty Group is a leading international wholesale insurance and reinsurance intermediary, headquartered in Singapore and with offices in London and Hong Kong. We specialize in providing bespoke risk solutions to direct brokers, reinsurance brokers, insurance carriers, and insurtech firms across Asia, Europe, the Middle East, and Africa. Rooted in the Sanskrit concept of ‘Amrita,’ symbolizing immortality and protection, Nectar Group connects client risk with global capital, offering unparalleled expertise and a commitment to long-term partnerships.

Through our dedicated team and the Nectar Risk Institute, we foster talent development and contribute to the growth of the insurance and reinsurance sectors. We are a boutique insurance service group owned by the Garg family, and committed to communal and social development through Nectar Foundation.

KoverNow is on a mission to help everyday people protect the things they love most. We do this with insurance that’s simpler, more flexible and always puts the customer first by adding value to their lifestyle. Today, we cover personal items and travels: tomorrow we’ll add next-generation insurance products focused on pets, e-mobility and more.

Term plan vs Life Plan Choosing the best term life insurance plans in Singapore can feel overwhelming, especially with so many insurers offering different premiums, coverage terms and rider options. The truth is simple, there is no single “best” term insurance plan, only the most suitable term life insurance plan based on your needs, budget, and financial goals. In this updated 2026 guide, InterestGuru.sg compares the 6 best term life insurance plans in Singapore, analysing premiums, features, early critical illness coverage, and value-for-money benefits so you can make a confident, informed decision. How Much Term Life Insurance Do You Actually Need? Before comparing plans, it helps to know how much coverage you should be aiming for. According to the Life Insurance Association of Singapore (LIA), the recommended benchmark is: Death and Total Permanent Disability (TPD): 9 times your annual income Critical Illness: 4 times your annual income For example, if you earn $60,000 a year, this works out to roughly $540,000 in death and TPD coverage, plus $240,000 in critical illness coverage. LIA’s 2022 Protection Gap Study also found that the average working adult in Singapore is underinsured by approximately $170,000, so it is worth checking your own numbers rather than assuming your existing coverage is enough. This is only a starting benchmark. Your actual coverage needs should also factor in your outstanding mortgage, other loans, and your dependants’ living and education expenses. Use our life insurance coverage calculator to work out a more personalised figure.