DBS provides banking solutions to insurance companies through the whole life cycle of the insurance business. This starts from the collection of insurance premiums, to investing the collected premiums, safekeeping the invested assets and finally making maturity claims payments.
Our banking solutions also extend to helping insurance companies with capital fund raising through bond and equity issuances, as well as extending funding for Merger & Acquisition deals. The solutions we offer are predicated on specialised insurance knowledge such as Risk Based Capital in Singapore and the need to match investments to the insurance liability profile.
Our dedicated Insurance Relationship Managers have a deep understanding of the needs of the life insurers, Property and Casualty (P&C) insurers, and reinsurers in Singapore and the region, and are ready to work with you to deliver solutions tailored to your unique needs.
Run your business smoothly with DBS Business Account, which offers a comprehensive range of services designed to help you manage and execute your fund flows with speed and ease
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Enhance your yield by placing fixed deposits with us. With our competitive interest rates, flexible range of tenures and wide range of global and Asian curriencies offered, you may enjoy higher returns on your funds with the safest bank in Asia.
Manage your Payments & Collections seamlessly through our comprehensive suite of solutions. We have multiple payment channels to help you transfer funds in an efficient and cost saving method both for domestic transfers and cross border transfers. We can enhance your cash flow with timely collection of insurance premiums through various payment modes, including cash, cheques and electronic debits.
Optimise your liquidity through our suite of structured and innovative solutions. We offer both domestic and cross border liquidity management solutions to optimise your interest income while maintaining flexibility for operational liquidity across your different group entities.
Manage your business expenses with DBS range of business cards.
Improve your operational efficiency and greater control over your finances by consolidating payments, monitor and analyse all card expenditure using our 24/7 online reporting tool and enjoy many other exclusive privileges with the DBS Corporate Charge Card.