SingSaver Obtains MAS Brokerage License to Provide Insurance Comparisons
Leading comparison platform SingSaver has announced that it has secured a brokerage license from Monetary Authority of Singapore (MAS) here on Thursday. Now, after this move it will be able to offer more than 100 insurance policies from 12 providers at its platform.
SingSaver will now provide instant digital comparisons of insurance products in various categories that may include travel, home, and maid. The new broking team of the company will now be able to offer their advice to consumers on insurance.
SingSaver’s new license as an insurance broker is nothing less than a landmark achievement as it will now spread its wings beyond credit cards and personal loans.
Meanwhile, SingSaver.com.sg has been assisting Singaporeans in discovering the correct credit cards, personal loans, along with various other financial products with convenient comparison tools. It strives to offer the most updated correct data and personal finance guides.
Earlier this year in August, SingSaver’s parent group CompareAsiaGroup secured US$20 million in Series B1 investment. CompareAsiaGroup has the backing of IFC World Bank, Alibaba, Experian, and Goldman Sachs.