The past few years have seen Singapore witness a record inflow of wealth, with the Monetary Authority of Singapore reporting an increase of about 50 per cent in assets under management from 2017 to 2022. As the country strengthens its position as a leading financial centre in Asia with immense growth potential, the rise of options for wealth protection, accumulation and management has intensified.
Catering to the burgeoning needs of this high‑net‑growth segment, and to realise its ambitions of becoming Asia’s leading wealth manager, banking and financial services group HSBC has been actively expanding its insurance capabilities to