Etiqa Insurance Singapore Tech Stack

Life and general insurer serving Singapore since 1961, now digitizing core operations

Insurance Singapore, Singapore 201–500 employees Founded 1961 Privately Held

Etiqa Insurance operates a 201–500-person life and general insurance business in Singapore, licensed by the Monetary Authority and owned 69% by Maybank, 31% by Ageas. The tech stack remains heavily legacy (AS/400, VBA, Microsoft Access, SQL) with early-stage adoption of Python and RPA—a pattern consistent with active projects in bank reconciliation, financial data validation, and finance process reengineering. Hiring has decelerated to 4 roles in the past 30 days, concentrated in finance and insurance roles, signaling a tighter operational focus than growth mode.

Tech Stack 10 technologies

Core StackPython SQL Microsoft Access VBA AS/400 Word Excel PowerPoint Microsoft Office

AdoptingPython RPA

What Etiqa Insurance Singapore Is Building

◆Challenges

Monitoring insurance and financial risk exposure
Capital reporting compliance
Ensuring capital adequacy
Achieving profitability in marine underwriting
Compliance and risk management
Improving financial reporting accuracy
Managing claims and reserving risks
Streamlining life insurance purchase journeys
Reengineering core finance operations processes
Optimizing operating models

▲Active Projects

Strategic asset allocations
Bank reconciliation workflow
Investment initiatives
Online portal roll-out
Reinsurance initiatives
Own risk and solvency assessment (orsa) report preparation
Product review
Disaster recovery exercise
Business continuity planning
Financial data validation tool

Hiring Activity

Decelerating15 roles · 4 in 30d

Department

Finance

Insurance

Product

Data

Engineering

Legal

Ops

Seniority

Manager

Senior

Mid

Lead

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About Etiqa Insurance Singapore

Etiqa Insurance Pte. Ltd. offers life, general, and takaful insurance products across Singapore, distributing through bancassurance (Maybank), agents, brokers, advisers, and a direct digital channel called Tiq by Etiqa. The company has operated continuously since 1961, transitioning to the Singapore branch of Etiqa Insurance Berhad in 2009 and serving as the anchor entity for Etiqa Insurance Group's ASEAN footprint. A-rated by Fitch, the firm competes in personal accident, fire, motor, home contents, life protection, endowment, and retirement products. Current operational priorities center on capital adequacy, claims reserving accuracy, compliance reporting, and digital channel expansion—reflected in active work on reinsurance initiatives, ORSA reporting, and an online portal rollout.

HeadquartersSingapore, Singapore

Company Size201–500 employees

Founded1961

Hiring MarketsSingapore

Frequently Asked Questions

What is Etiqa Insurance's tech stack?

Core systems run on AS/400, SQL, Microsoft Access, and VBA, with newer adoption of Python and RPA. The company is in early-stage modernization of finance and claims workflows.

Where is Etiqa Insurance headquartered and how large is it?

Etiqa Insurance Pte. Ltd. is headquartered in Singapore, employs 201–500 people, and is owned 69% by Maybank and 31% by Ageas, an international insurer operating across 13 countries.

What insurance products does Etiqa offer?

Etiqa provides life insurance, general insurance, and takaful products including car, fire, home contents, personal accident, endowment, savings, and retirement plans, distributed via bancassurance, agents, brokers, and direct digital sales.