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Emerging risks | Growth Opportunities | APAC Insurance

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Sunday, October 25, 2026

Income insurance

allianz-income-still-in-talks-but-no-guarantee-acquisition-deal-will-take-place
Allianz formally withdraws from deal with Income Insurance
December 16 2024
The withdrawal caps a contentious five-month period since the proposed takeover was first announced, during which the deal faced strong public pushback.
allianz-income-still-in-talks-but-no-guarantee-acquisition-deal-will-take-place
Allianz withdraws from acquisition of Singapore's Income Insurance - reports
December 13 2024
Parties have struggled to find a solution that would satisfy government's conditions, say sources.
allianz-income-still-in-talks-but-no-guarantee-acquisition-deal-will-take-place
Allianz, Income still in talks, but "no guarantee" acquisition deal will take place
November 15 2024
Separate exchange filings confirm parties continue to explore deal structure to potentially address Singapore government's concerns.
singapores-central-bank-chief-explains-why-capital-reduction-plan-in-income-allianz-deal-was-blocked
MAS chief explains why capital reduction plan in Income-Allianz deal was blocked
November 14 2024
Inconsistency with previous commitments was behind rejection of a proposed SG$1.85bn (US$1.38bn) capital reduction says MAS Chairman and Deputy PM Gan Kim Yong.
allianz-says-it-will-work-closely-to-consider-revisions-to-proposed-allianz-income-deal
Allianz says it will work closely with stakeholders to consider revisions to Income acquisition
October 16 2024
People close to the situation reportedly described the Government's decision to halt the deal as a “total shock.”
singapore-will-amend-insurance-act-following-rejection-of-income-allianz-merger
Singapore will amend Insurance Act following rejection of Income-Allianz merger
October 15 2024
Amendment will create legal basis for input from minister overseeing co-operatives on deals involving co-op-related insurers.
allianz-makes-offer-to-acquire-majority-stake-in-singapores-income-insurance
Allianz's acquisition of Income called off
October 14 2024
Singapore government has intervened in deal in its current form, saying it is not in the public interest.
income-insurance-launches-comprehensive-ev-insurance-with-mobile-charging-service
Income Insurance launches new comprehensive EV product with mobile charging service 
September 25 2024
Singapore insurer’s new EV policy aims to address gaps in existing coverage, including battery replacement costs and cyber hacking protection. 
income-insurance-extends-hourly-travel-insurance-product-to-19-destinations
Income Insurance enhances hourly travel product with post-departure feature and more destinations
September 10 2024
In addition to the expansion of destinations, FlexiTravel Plus provides a "market-first" post-departure feature.
MAS
MAS reiterates personal data regulations in Allianz-Income deal
August 22 2024
The central bank addresses concerns about customer data management in the high-profile insurance deal.
allianz-makes-offer-to-acquire-majority-stake-in-singapores-income-insurance
Allianz CEO anticipates double-digit ROI from Income Insurance acquisition
August 13 2024
CEO Oliver Baete sees growth opportunities in underwriting, claims, and product design, and emphasises acquisition is a partnership, "not a sellout."
allianz-will-need-to-justify-purchase-price-of-income-insurance-analysts
Allianz will need to justify purchase price of Income Insurance: Analysts 
July 24 2024
Deal aligns with German insurer's strategy and will increase Asia revenue by 53%, but analysts say purchase price seems steep.
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.