The Monetary Authority of Singapore (MAS), the General Insurance Association of Singapore (GIA), the Life Insurance Association (LIA) and the Singapore Reinsurers' Association (SRA), announced today (12 Dec) the establishment of the Insurance Culture and Conduct Steering Committee (ICCSC) to foster sound culture and strengthen standards of conduct among insurers in Singapore.
Li Choo Kwek-Perroy, Manulife Singapore's Chief Customer Officer and Chief Transformation Officer, will be leaving the insurer.
CaregiverAsia and Great Eastern will sign an MOU with Extra•Ordinary People to kickstart program that will encompass an insurance protection plan, therapy services and medical escorting/ childminding services. Some 50 enterprises and individuals have contributed more than 300 programs to networks of families with children with special needs. The program ensures that children with special needs are able to continue with their therapy for up to 15 years with accompanying care services such as medical escorting and childminding should something happen to their parents or guardians.
NAMLIFA, through its training arm Financial & Life Practitioners Council (FLPC), has held its graduation ceremony for advisers who successfully completed their professional development and designation programmes.
Counting down to the end of 2019. And for those who have yet to achieve your year-end goal, this is the time when the mentally strong emerge, says Rookie Insurance Agency Leader of the Year 2018 Agnes Ng.
The Australian Securities and Investments Commission (ASIC) has announced a ban on unsolicited 'cold call' telephone sales of direct life insurance and consumer credit insurance (CCI). The ban will address poor sales practices that have led to unfair consumer outcomes. It will take effect from 13 January 2020.
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.
Global reinsurers are stepping up warnings to their life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether, reported Reuters.
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