Our History

Etiqa is owned by Maybank Ageas Holdings Berhad, a joint venture company that combines local market knowledge with international insurance expertise. The company is 69% owned by Maybank, the fourth largest banking group in Southeast Asia with more than 22 million customers worldwide in 20 countries; and 31% by Ageas, an international insurance group with 33 million customers across 16 countries and a heritage that spans over 180 years. As a licensed life and general insurance company registered in the Republic of Singapore and regulated by the Monetary Authority of Singapore (MAS), we are governed by the Insurance Act.

Etiqa has been protecting Singaporeans since 1961 with a range of general insurance solutions that constantly evolve to meet their ever-changing needs. As the appointed insurer for the Housing Development Board (HDB) Fire Insurance Scheme in Singapore, we have been protecting more than 300,000 homes since 2009.

In 2014, Etiqa added a comprehensive suite of life insurance solutions, including protection, savings and retirement solutions to our portfolio to better serve our growing customer base and the needs of the modern day consumer. We are rated “A-” by Fitch in 2017 for our financial strength and stable outlook.

Our relentless dedication to being a digital and innovative insurer has resulted in new solutions, such as pioneering EASY save series of savings plans online and direct to customers, and the delivery of a customer-centric experience, such as offering real-time flight delay claims for travel insurance, and usage-based car insurance. For more information, visit our media centre.

Milestones

  • 2017

    – Launched the first online insurance savings plan in Singapore
    – First insurer to offer automatic travel delay claims approval
    – Won Insurer Claims Team of the Year award at the Claims Awards Asia-Pacific 2017
    – Fitch continues to affirm our ‘A-‘ rating

  • 2016

    – Fitch continues to affirm Etiqa Insurance Entities with a rating of ‘A-’ for financial strength and stability.

  • 2015

    – Etiqa becomes one entity with the transfer of general insurance business from Etiqa Insurance Berhad
    – Customer service centre opens
    – First insurer to offer online direct purchase life insurance in Singapore
    – Rated ‘A’ by Fitch Ratings for financial strength and stability

  • 2014

    – Launched life insurance business in August 2014
    – Winner of Claims Innovation of the Year award

  • 2009

    – Appointed as the official fire insurer for HDB home owners
    – Evolved to become the Singapore branch of Etiqa Insurance Berhad

  • 2001

    – Became known as Mayban General Assurance Bhd.

  • 1961

    Started operations in Singapore as United General Insurance Co. Sdn. Bhd.

  • 1961

    Started operations in Singapore as United General Insurance Co. Sdn. Bhd.