Over 3,000 jobs available in Singapore’s financial sector


Despite the challenges posed by the COVID-19 pandemic, Singapore’s financial services sector performed “creditably” in 2020, with an average growth of 4.7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} for the first three quarters of the year, the ministry said. Around 1,900 jobs were created in the first half, all of which went to locals.

“Even though the economic recovery has been uneven and remains uncertain, [financial institutions] in Singapore continue to expect to hire,” MOM said.

Meanwhile, the Monetary Authority of Singapore’s employment outlook survey showed that the financial services sector plans to create around 1,800 net jobs between July 2020 and June 2021.

“About half

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Starr chairman optimistic for insurance industry’s future post-Covid


“Our business is doing quite well,” said Maurice R. Greenberg, chairman of Starr, during an interview at the Future of Insurance USA event. “We had a great year overall and budgets look pretty good for the coming year.”

The ‘star of Starr’ also said that he believes the remote work model and related evolutions that most insurance companies have had to make over the past year will stick around for the long-term – and that this development is a good thing.

Read next: Starr China names Haoming Zhou as general manager and president

“We learned a lot during this period.

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Bowtie appoints Daisuke Iwase as senior advisor


Bowtie senior advisor Daisuke Iwase (centre), with co-founders and co-CEOs Fred Ngan (left) and Michael Chan (right)

Hong Kong-based virtual insurer Bowtie has appointed Daisuke Iwase as senior advisor. Iwase co-founded Lifenet, Japan’s first digital life insurance company.

Alongside former Hong Kong Financial Secretary John Tsang, Iwase will advise Bowtie as it seeks to become Asia’s leading virtual insurer, the company said in a statement.

After co-founding Lifenet in 2006, Iwase served as its representative director and president, and successfully took the company public on the Tokyo Stock Exchange in 2012. Today, Lifenet provides US$27 billion worth of protection to

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Beazley delivers warning on rising cyber threat


Ransomware attacks increased in both severity and cost this year compared to 2019, and are now the biggest cyber threat facing organisations, states specialist insurer Beazley.

According to the latest Beazley Breach Insights report, the total cost of ransom payments doubled year over year over the first six months of 2020, based on incidents reported to the insurer’s in-house breach response team, BBR Services.

The nature of ransomware attacks is also evolving. Today’s ransomware attacks are more likely to include a threat to release stolen data rather than encryption alone, Beazley said. Cyber criminals increasingly have prior access to a

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