Essayer OR - Gratuit
Insurer Income to underwrite FWD's motor insurance plans
The Straits Times
|June 28, 2024
Income will continue pricing plans the way that it has been doing and price bad risks accordingly, says source
Digital insurer FWD’s motor insurance business will soon be underwritten by local composite insurer Income, as the two firms sealed a deal.
FWD Singapore on June 27 told its customers that Income will from July 2 underwrite and issue FWD’s car and motorcycle insurance policies. Under the deal, FWD will be a distributor or seller of the motor plans.
The announcement to customers came after The Straits Times reported about the move on June 27.
People familiar with the matter said FWD’s motor insurance renewal business is valued at about $16.9 million, based on its 2023 gross written premiums.
Income, whose pricing for motor insurance is higher than FWD’s, will continue to price the plans the way the former has been doing, and bad risks will be priced accordingly, said a source.
Cette histoire est tirée de l'édition June 28, 2024 de The Straits Times.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Straits Times
The Straits Times
AMORIM PROUD OF STICKING TO BELIEFS
Red Devils boss 'learns a lot' during rough ride as EPL side begin to turn corner at last
3 mins
November 01, 2025
The Straits Times
A school team gave back a trophy.Here's why it matters
These are kids who understand integrity and a coach who remembers winning isn't quite everything. In the old days, we called this character.
3 mins
November 01, 2025
The Straits Times
How Singapore produce can win over price-conscious consumers
Local producers and retailers must better understand consumers' psyche.
4 mins
November 01, 2025
The Straits Times
SEA Games medallist jailed for drink driving, crashing into car
SEA Games squash gold medallist Vivian Rhamanan has been sentenced to two weeks' jail, after an incident where he had been drink driving and his vehicle collided with a car travelling on the opposite lane of a road in Sembawang.
2 mins
November 01, 2025
The Straits Times
Smart packs #5 with space, comfort and efficiency
Biggest model from Chinese-German brand offers longest range among cars of its size and performance
3 mins
November 01, 2025
The Straits Times
9 in 10 young women not taking active steps to protect breast health: Poll
Ms Jamie Ng was flourishing in her career in the fashion industry, with a degree under her belt and a stable job, when she found out three years ago that she had breast cancer.
3 mins
November 01, 2025
The Straits Times
The battle for New York
A fight is brewing between Donald Trump and Zohran Mamdani.
4 mins
November 01, 2025
The Straits Times
JOURNALISM READY TO MAKE WORLD HEADLINES
Nov 1 Breeders' Cup Classic form analysis
1 mins
November 01, 2025
The Straits Times
Does the Singapore River need to change course to remain relevant?
Older generations value its role in the nation’s history and remember the area’s heyday as a nightlife hub. How can it better appeal to a younger crowd who may be going out less?
5 mins
November 01, 2025
The Straits Times
Grace Fu named among Time's 100 most influential climate leaders
Minister recognised for her efforts along with others including Pope Leo XIV
2 mins
November 01, 2025
Listen
Translate
Change font size