CIMB’s InsureXpo returned for its second edition on 12 April 2025, drawing record attendance and championing financial literacy through engaging discussions with leading insurers, government agencies, and financial influencers. Themed “From Protection to Prosperity,” the event emphasized insurance as a strategic tool for long-term wealth building and financial resilience.
SINGAPORE, 16 APRIL 2025 – InsureXpo by CIMB successfully concluded its second edition on 12 April 2025 at Suntec Convention Centre, quadrupling attendance from its inaugural year. The event brought together a dynamic mix of insurance experts, government partners, and financial educators under the theme “From Protection to Prosperity.” It provided a robust platform to empower Singaporeans with knowledge on how to transform insurance into a strategic tool for wealth creation and financial independence.
Notable insurance providers including Singlife, FWD, Income, and AIA, alongside community stakeholders such as the CPF Board, Singapore Police Force, Mindline (by Ministry of Health), and the National Youth Council, contributed to insightful panels and workshops throughout the day.
In his opening remarks, Victor Lee, CIMB’s CEO of Growth Markets and Singapore, underscored the bank’s mission to democratize financial literacy across all life stages. “Whether you’re an experienced investor or just starting your career, we’re committed to equipping you with the right tools to make confident, informed financial decisions,” he said. He also affirmed CIMB’s support of SG60’s national goal of building financial resilience, with a special focus on youth empowerment.
Tackling Rising Costs with Innovation and Insurtech
One of the key panel sessions, featuring insurance leaders from Singlife, FWD, Income, and AIA, addressed the rising cost of living and aging demographics—both of which are pressuring insurers to innovate. Panelists discussed how insurtech and digitalisation are being deployed to maintain affordability while delivering comprehensive coverage. They also highlighted how data analytics is helping to refine pricing models and improve risk management.
Empowering Through Financial Education
The event hosted a variety of educational sessions on financial topics, including strategies for achieving financial independence and early retirement (F.I.R.E), legacy planning, and maximising CPF and insurance for long-term security. Featured speakers included popular finance educators Dawn Cher (SG Budget Babe) and The Woke Salaryman duo—He Ruiming and Goh Wei Choon, who drew crowds with their relatable insights and practical tips.
With its emphasis on education over sales, InsureXpo has become a leading platform for helping Singaporeans take control of their financial futures.
Study Reveals Youth Confidence in Financial Independence
Coinciding with InsureXpo, CIMB Singapore released its “Attitudes and Beliefs towards Financial Independence Report 2025”, conducted in collaboration with the Nanyang Centre for Marketing and Technology. The study revealed that younger Singaporeans are both aspirational and confident in achieving financial independence.
Key insights include:
- 60% of respondents under 30 aim to achieve financial independence before 40.
- 54% are confident in their financial planning skills.
- In contrast, only 39% (age 40–50) and 43% (age 50–60) reported the same level of confidence.
- Younger respondents (under 30) are also more willing to seek financial advice (54%) compared to older age groups.
The findings highlight a generational divide in financial literacy and confidence, reinforcing the need for financial institutions to deliver tailored guidance based on life stage and financial maturity.
Looking Ahead
CIMB’s InsureXpo 2025 signals a growing awareness among Singaporeans that financial wellness requires more than just protection—it calls for strategic planning, access to the right tools, and continuous education. As the financial landscape evolves, events like InsureXpo will remain critical in bridging knowledge gaps and empowering communities toward long-term prosperity.
