FWD Group, the insurance arm of Hong Kong-headquartered Pacific Century Group, will be closing its employee benefits business in Singapore by December 2020. This means that the insurer will stop pitching for new contracts for that business and will also not renew existing contracts once they expire.
Ai Hua was an account executive with two young kids when she decided to become a financial consultant. Leaving a stable corporate job was not easy, considering she has two kids to raise. Yet, she took a leap of faith and joined the insurance industry.
In the latest release of amendments for the Income Tax Act by the Ministry of Finance, Singapore, a new section is added in the principal Act concerning insurance agents earning commissions not exceeding $50,000.
NOVI Health (NOVI), a Singapore-based medical and digital health provider, with a focus on preventing and reversing chronic lifestyle-related diseases, has collaborated with Great Eastern. The collaboration brings its holistic services to enhance the insurer's existing portfolio of health solutions.
AXA Insurance has launched AXA Super CritiCare, a critical illness plan designed to provide all-rounded protection including multiple payouts for early, intermediate and advanced stage critical illnesses up to a total of 600% of the coverage amount, as well as support for customers to take control of their health and well-being with a diabetes management programme, "which is the only such offering provided by an insurer", said the company.
Formerly a face-to-face sales representative, meeting clients and understanding their needs has become second nature for Jillian. She enjoys talking to people and is never hesitant to seek out help from her superiors and more experienced Financial Consultants, as she sees this as a way to further deepen her knowledge.
The MDRT MCC Singapore has appointed 2019/2020 committee members to continue to serve and work at the local level, monitoring industry activities and involvement worldwide. The MCC Singapore committee is a communication link between MDRT leadership and membership at large.
Leading UK insurer Aviva has asserted that it is retaining its businesses in China and Singapore. Aviva is continuing to explore strategic options for its operations in Hong Kong, Vietnam and Indonesia, with its respective partners in each country, the company said in a statement.
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Genoplan is a genetic testing company backed by big-name venture funds such as Softbank Venture Asia, Samsung Venture Investment, and GC Pharma. Asia Advisers Network finds out how it has helped its partners in the insurance industry improve sales conversion rate by as much as 600%.
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