PROPEL with Singlife Wins Prestigious 'Insurtech Initiative of the Year' at the 10th Insurance Asia Awards
The Insurance Asia Awards, celebrating its milestone 10th anniversary, is the premier awards programme for the insurance sector in the region. The awards honour companies that have achieved outstanding milestones, set new benchmarks, and transformed the industry. On the judging panel are esteemed leaders from the likes of PwC, Bain & Company, Boston Consulting Group, Deloitte, and KPMG.
Steven Ong, CEO of PROPEL, said: "Winning this award is a testament to our team's relentless pursuit of innovation and excellence. From the start, PROPEL has been committed to leveraging technology to plug a huge gap and elevate our industry. With the FA channel growing rapidly and more aspiring advisers thinking of starting their own firms, we're here to help make that transition not only possible, but easier. This award is a validation of our efforts thus far, but we're motivated to continue driving meaningful change in the industry, giving more freedom to advisers and more choice to customers."
PROPEL's award-winning submission showcased its uniqueness, effectiveness, and dynamism. The PROPEL platform integrates middle-to-back-office operations into a scalable, digital-driven solution, but the initiative extends beyond innovative technology. By combining its advanced digital tools with robust operational support, PROPEL offers a one-stop solution for FA firms, redefining how firms can deliver personalised financial solutions, streamline operations, and achieve sustainable growth. Key to PROPEL's proposition is its product-agnostic and insurer-independent approach, which ensures advisers retain full autonomy in their businesses, fostering trust and transparency with their clients.
Awards organiser Insurance Asia said in a statement: "PROPEL with Singlife won the 'Insurtech Initiative of the Year – Singapore' category at the Insurance Asia Awards 2025 for its pioneering insurtech platform that empowers financial advisers and advisory firms with cutting-edge digital tools and centralised support services. As a first-of-its-kind, product-agnostic and insurer-independent solution, PROPEL consolidates key middle- to back-office functions into one scalable system. This integration reduces operational inefficiencies, cuts costs, and enhances client service delivery."
Launched officially in January 2025, PROPEL's innovative approach is driven by the vision of empowering both advisers and customers with greater freedom and choice in financial solutions. As a trusted partner for FA firms, PROPEL removes administrative challenges tied agents face in establishing their own firms, providing a springboard to come out of the tied agency model and provide customers with the benefit of unbiased advice and a broader range of insurance and investment products.
PROPEL received the award on 8 July 2025 at the Insurance Asia Awards Gala Dinner, held at the Marina Bay Sands Expo & Convention Centre.
To learn more about how PROPEL helps FA firms scale their businesses effectively, visit singlife.com/en/propel.
Hashtag: #PROPELwithSinglife #Insurtech
https://singlife.com/en/propel
https://www.linkedin.com/company/propel-with-singlife
The issuer is solely responsible for the content of this announcement.
Singlife Propel Pte Ltd
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
44 minutes ago
- Zawya
AsiaInfo Technologies Integrates with NVIDIA Omniverse to Accelerate Smart Manufacturing Transformation
BEIJING, CHINA- Media OutReach Newswire - 28 July 2025 - AsiaInfo Technologies Limited ("AsiaInfo Technologies" or the "Company"; HKEX stock code: 01675), a leading provider of software products, solutions, and services, today announced a strategic integration of its proprietary digital twin platform, AISWare Digital Gemini, MaaS (Model-as-a-Service) platform and intelligent platform, with NVIDIA Omniverse, a powerful 3D workflow and application platform. This collaboration, combined with AsiaInfo Technologies' robust large model application delivery capabilities, aims to empower the transformation of China's manufacturing industry from "Made in China" to "Intelligent Manufacturing in China." Within the simulated environment built by AsiaInfo Technologies' digital twin platform and NVIDIA Omniverse, customers can conduct virtual scenario construction and training. This, coupled with large model application services, enables the planning, driving, and execution of real-world production activities, accelerating the adoption of AI technology in industrial production. AsiaInfo Technologies' digital twin platform is a versatile tool for designing and building digital twin applications. It offers an exceptional visual experience and flexible scenario construction capabilities, deeply integrating technologies such as big data, IoT, GIS, 3D, new surveying and mapping, BIM, and AI. It provides one-stop digital twin scenario creation, orchestration, and business operation support for various application scenarios including networks, industrial manufacturing, city governance, and security. NVIDIA Omniverse is a platform comprising APIs, SDKs, and services that allow developers to integrate OpenUSD, NVIDIA RTX™ rendering technology, and generative physical AI into existing software tools and simulation workflows for industrial and robotics use cases. In addition, AsiaInfo Technologies' comprehensive large model application delivery capabilities, covering the entire development cycle from demand analysis, consulting and planning, product R&D, implementation and delivery, to operation and maintenance, ensure that industry-specific large models are precisely aligned with customer needs and effectively deployed in industrial manufacturing scenarios. Currently, AsiaInfo Technologies has successfully assisted domestic and overseas manufacturing enterprises in leveraging large models to build maintenance knowledge hubs, predict and diagnose equipment failures, and automate production scheduling. Moving forward, AsiaInfo Technologies will further deepen the integration of its digital twin platform with NVIDIA Omniverse. The Company will focus on industries such as industrial manufacturing, actively expanding market presence, developing innovative solutions, and driving project implementation and delivery to empower more customers. Hashtag: #AsiaInfoTechnologies The issuer is solely responsible for the content of this announcement. AsiaInfo Technologies
Zawya
44 minutes ago
- Zawya
Oil rises as US-EU deal lifts trade optimism
SINGAPORE: Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand. Brent crude futures inched up 22 cents, or 0.32%, to $68.66 a barrel by 0035 GMT while U.S. West Texas Intermediate crude was at $65.38 a barrel, up 22 cents, or 0.34%. The U.S.-European Union trade deal and a possible extension in U.S.-China tariff pause are supporting global financial markets and oil prices, IG markets analyst Tony Sycamore said. The United States and the European Union struck a framework trade agreement on Sunday that will impose a 15% import tariff on most EU goods, half the threatened rate. The deal averted a bigger trade war between two allies that account for almost one-third of global trade and could crimp fuel demand. Also, senior U.S. and Chinese negotiators will meet in Stockholm on Monday aiming to extend a truce keeping sharply higher tariffs at bay ahead of the August 12 deadline. Oil prices settled on Friday at their lowest in three weeks as global trade concerns and expectations of more oil supply from Venezuela weighed. Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to Biden-era licenses, once U.S. President Donald Trump reinstates authorisations for its partners to operate and export oil under swaps, company sources said. Though prices were up slightly on Monday, the prospect of OPEC+ further easing supply curbs limited the gains. A market monitoring panel of the Organization of the Petroleum Exporting Countries and their allies is set to meet at 1200 GMT on Monday. It is unlikely to recommend altering existing plans by eight members to raise oil output by 548,000 barrels per day in August, four OPEC+ delegates said last week. Another source said it was too early to say. The producer group is keen to recover market share while summer demand is helping to absorb the extra barrels. JP Morgan analysts said global oil demand rose by 600,000 bpd in July on year, while global oil stocks rose 1.6 million bpd. In the Middle East, Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel over the Gaza conflict. (Reporting by Florence Tan; Editing by Christian Schmollinger)
Zawya
an hour ago
- Zawya
AIA Hong Kong continues to lead the insurance industry with the most market No.1* in Q1 2025
HONG KONG SAR - Media OutReach Newswire - 28 July 2025 - AIA Hong Kong has once again led the industry with the most market No.1 in the first quarter of 2025, according to the Provisional Statistics of the Insurance Authority on Hong Kong Long-Term Insurance Business*. Mr Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau, said, "The continued achievements would not have been possible without our team's daily commitment to putting our customers first. We are also deeply grateful to our customers for their long-standing trust and support. Our unwavering commitment to customer centricity is the cornerstone of our sustained leadership in the industry. We are fortunate that AIA is powered by a remarkable pool of talent driving our growth. This was recently reaffirmed by the Million Dollar Round Table (MDRT) rankings, where AIA Hong Kong not only secured the No. 1 position in MDRT, COT, and TOT locally, but also achieved four global No. 1 rankings—including top honours in both MDRT and TOT. We will keep going beyond for our customers and inspire communities to live Healthier, Longer, Better Lives." These achievements underscore the strength of AIA Hong Kong's Premier Agency strategy and the unwavering dedication of our financial planners, who consistently go above and beyond to serve customers with professionalism and care. Moreover, they stand as a testament to AIA Hong Kong's innovative and comprehensive propositions, which provide holistic solutions across health, wealth, and MPF—supporting the diverse needs of both individual and corporate customers. AIA Hong Kong's customer-first mindset is also reflected in the digital experiences it delivers. The AIA+ mobile app continues to lead the trend, driving innovation in customer engagement. With millions of downloads and the highest mobile app ratings among key Hong Kong insurers #, AIA+ is fostering stronger connections and deeper trust with our customers. Putting customers first also means caring for the broader community. As a purpose-led brand, AIA actively empowers individuals and communities to live Healthier, Longer, Better Lives. Programmes such as AIA Vitality and the AIA Healthiest Schools Programme are enhancing health literacy and fostering long-term wellbeing across generations. As the community continues to face rising medical inflation, AIA Hong Kong took the lead in convening cross-sector stakeholders at the inaugural Healthcare Financing Summit to explore collaborative solutions that make healthcare more accessible, affordable, and sustainable—for both the community and future generations. AIA Hong Kong is also finding creative ways to deepen public understanding of the insurance industry. A recent example is the sponsorship of the TVB drama 《中年好翻身》, which uses the insurance profession as a backdrop to explore themes of resilience and personal growth—highlighting the professionalism and meaningful role our financial planners play in customers' lives. Looking ahead, AIA will continue to bring international experiences to Hong Kong. On 31 July, AIA will lead the first-ever North London Derby at the Hong Kong Football Festival 2025, as the Global Principal Partner of Tottenham Hotspur. AIA Hong Kong is also proud to be the title sponsor of G.E.M.'s I AM GLORIA World Tour – Hong Kong stop, further enriching the city's cultural landscape. Notes: * As the Insurance Authority is currently conducting a comprehensive review of the scope and criteria for collecting policyholder information for non-local policies, it will not release breakdown statistics related to Mainland visitors until this work is completed. Therefore, the Insurance Authority has not published the relevant provisional statistics for both local and non-local segments. The current set of statistics does not include figures for Number of Local New Business Policies, Number of Non-Local New Business Policies, Local Annualised New Premiums, and Non-local Annualised New Premiums. "AIA Hong Kong has once again led the industry with the most market No.1" refers to its top position in the following categories: Number of Inforce Policies**, Number of New Business Policies, New Office Premiums from Agency Channel^, Annualised New Premiums from Agency Channel^, Number of New Business Policies from Agency Channel—making up the highest share among the 11 key metrics compared to other market peers. Provisional statistics of the Insurance Authority on Hong Kong long-term insurance business from January to March 2025. The policies refer to Direct Individual New Business and Direct Inforce Business of Participating Business, Other Businesses (Excluding Group Business) and Linked Long Term (Class C). "Agency channel" refers to "Agents" as classified by the Hong Kong Insurance Authority under Distribution Channel. ** Refers to AIA International Limited, AIA Company Limited and AIA Everest Life Company Limited. ^ "Annualised New Premiums" represents 100% of annualised first year premium and 10% of single premium. "New Office Premiums" represents 100% of annualised first year premium and 100% of single premium. # As of June 2025. Hashtag: #AIA #友邦 The issuer is solely responsible for the content of this announcement. About AIA Hong Kong & Macau AIA Group Limited established its operations in Hong Kong in 1931. To date, AIA Hong Kong and AIA Macau have about 18,000 financial planners 1, as well as an extensive network of independent financial advisors, brokerage and bancassurance partners. We serve over 3.6 million customers 2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, pension, personal lines insurance to investment-linked assurance schemes with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high-net-worth customers. 1 As at 30 June 2025 2 Including AIA Hong Kong and AIA Macau's individual life, group insurance and pension customers (as at 30 June 2025) AIA Hong Kong
