Insurer Singlife enters technology partnership with Citi and BlackRock


Singlife, a technology-empowered financial services firm and insurance company, has appointed Citi and BlackRock Aladdin to provide it with a technology platform.

Singlife is one of Southeast Asia’s largest and most innovative insurance companies, serving over one million customers in Singapore.

Its integration with Citi and BlackRock Aladdin will provide clients with complete portfolio management capabilities that improve efficiencies, automate controls and enable a seamless front-to-back experience.

Citi and BlackRock Aladdin previously entered into an alliance to leverage Citi’s infrastructure and the Aladdin technology platform to enhance the entire securities services lifecycle for mutual clients. Singlife is one of the alliance’s most significant mandates in Asia to date.

The partnership will also ensure internal and external portfolio management services are integrated with complete attribution and full reconciliation across all investment and accounting records, while incorporating sustainability and meeting regulatory requirements. Singlife will also be able to leverage the platform, empowered by BlackRock Aladdin, to better calculate and continuously monitor risk exposures and optimise portfolio returns.

Kim Rosenkilde, group chief investment Officer, Singlife, said, “Safeguarding assets, improving internal processes and increasing efficiencies across the board is fundamental in allowing us to better serve and focus on our clients. Our mission to always find ‘a better way’ extends to our engagement with Citi and BlackRock Aladdin®, who are globally recognised as the premier provider of custody services and the industry-leading portfolio management platform respectively.

“We are delighted to work with such credible and strong partners that are using their established service offering to help us provide better investing experiences for our valued clients, throughout all stages of their investment journey.”

Last year, Insurance giant Aviva and Singlife launched a new accelerator programme to support the growth of InsurTech startups in Singapore.

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