Singapore’s life insurers to lower cap on policy investment returns

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Life insurers in Singapore will reduce the upper investment return cap for insurance policies to 4.25{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} per annum, effective July 01, down from 4.75{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} currently.

This was announced by the Life Insurance Association Singapore (LIA), as the market grapples with the sustained low interest rate environment.

“Our objective in doing so is to provide consumers a more realistic range of projected investment returns so individuals can make better informed financial decisions,” said LIA president Khor Hock Seng.

The caps on policies’ investment returns were introduced in 1994, in order to maintain uniformity among insurers. LIA reviews these caps annually to

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Victor builds contract review tool

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Victor, a global managing general underwriter, has announced the launch of Victor Contract Sifter, an automated contract review tool for design professionals in the design and construction industry.

Victor Contract Sifter enables users to more efficiently and effectively manage their contractual risk. In collaboration with LegalSifter, a contract-review technology, insured design firms will have on-demand access to automated, efficient distillation of their service agreements when contracting to perform work for their clients, Victor said.

The Victor Contract Sifter is an alternative to the traditional, manual contract insurance terms review process provided by professional liability insurers. The tool examines professional service

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Business & Finance Books To Read

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This is authorized documentation of the business’s creation, including name, sort of business, and kind of business structure or incorporation. This paperwork is amongst the first tasks you will complete when you officially start your small business. Once submitted, your articles of incorporation are kept on file with the appropriate governmental companies. These are debt financing instruments used to raise needed funds on your small business. The asset getting used as collateral for the mortgage is alleged to be “securing” the loan.

Business & Finance

To get began on your business profession exploration, make your selection from the record of business specialties under … Read More

Worldwide Business Finance

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The course is designed to be complete in masking the economic space obtainable to traders and the many funding objectives/strategies represented by indexes and ETFs. The contemporary and sensible class content material is enhanced by publicity to useful industry assets and participants. The first provides a deep dive into the theories, methodologies and extensive variety of products which are the foundations of index-based investing. The second segment provides a radical examination of ETFs from an investment technique standpoint, including their anatomy, mechanics, application, availability, and the eco-system of industry individuals. A semester project is required that entails working on either … Read More