Singapore’s general insurance market to grow to SG$5.6 billion in 2025

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The resumption of economic activities, success of COVID-19 vaccination programs, and relaxation on travel restrictions are among the factors that will drive the growth of the general insurance sector in Singapore, the study said.

“The Singaporean economy is expected to pose a strong recovery in 2021 and grow by 7% following 5.4% decline in 2020,” said Manogna Vangari, insurance analyst at GlobalData. “The general insurance industry is also expected to return to stable growth in 2021, after a flat growth of 0.2% in 2020, in line with the economic recovery.”

Motor insurance is the largest general insurance line in Singapore

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The UK’s future strategy for Open Banking payments

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Open banking (OB) payments have the potential to offer greater payment choice to merchants and customers. There are now over 2.5 million Open Banking payments a month. In 2018, there was a total of 320,000 Open Banking payments.

The UK’s future strategy for Open Banking payments

While there is significant growth in Open Banking payments in the UK and across the European Union, internationally, there are also significant developments in other jurisdictions, for example Australia, Brazil and Canada as these nations try to unlock the benefits that Open Banking payments can bring to their economies.

For the UK, while the

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An update on interchange fees between the UK and EEA

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As of January 2021, the United Kingdom broke away from its long standing relationship with its closet neighbour and is therefore no longer part of the EEA.

Update on interchange fees between the UK and EEA

As a result, Mastercard and Visa have announced revisions to interchange fees applicable between the UK and the EEA. These changes came into effect in October 2021.

Mastercard revises interchange fees

As a result of Brexit, Mastercard revised the interchange fees for transactions between the UK and EEA. The revised interchange fees became effective as of October 15th 2021.

The revised interchange fees

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CHI St. Luke’s Severs Deal With Molina, Its Second Break With An Insurance Service This

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If you are bringing your brick and mortar retailer online or planning to launch an eCommerce retailer, having a advertising technique in place would enhance your possibilities of success. Have a expertise for crafting or creating other handmade goods? From bracelets to phone instances, rings, furnishings, and more, Etsy is among the world’s largest impartial marketplaces that is excellent for anybody who’s inventive and keen to promote their handmade creations. As long as you will have the area, this can make for among the finest home-based business concepts that may be began as a facet hustle with a very restricted … Read More