COVID-19 upturned our lives in many ways. Uncertainties made the consumer focus on securing the financial future of their loved ones, thereby scaling the demand for life insurance in the country. As the demand for life insurance shot up, an uptake in recruitment of insurance agents was also witnessed.
The Asia Pacific Life Insurance Virtual Congress was held on 23 March 2021 in Singapore and streamed 'live' to more than nine countries, 3,000 delegates and partners, as well as Presidents of APFinSA member associations. Here's a round up of the event.
According to the findings of a Nielsen survey commissioned by Generali, about 75% of Hong Kong people view "price and affordability" as a key consideration when buying a critical illness (CI) plan, closely followed by "comprehensiveness of the type and number of illnesses covered" (71%).
Aviva Singlife Holdings, the holding company established following the merger of Aviva Singapore and Singapore Life (Singlife), has appointed Kim Rosenkilde as Group Chief Investment Officer with effect from 8 April 2021.
Insurers in Singapore that utilise digital channels to facilitate interaction with their customers were rated more highly, according to the finance and insurance industry sector findings from the Customer Satisfaction Index of Singapore (CSISG) 2020 national study released by the Institute of Service Excellence (ISE) at the Singapore Management University.
According to findings from a new study by AIA Singapore on the state of Singaporeans' health at the one-year mark since COVID-19 was declared a pandemic, fears over income loss and job instability caused 91% of respondents to report declines in their mental health.
Starting this month, the newly-enhanced Dependants' Protection Scheme (DPS) under the Central Provident Fund Board (CPF Board), provided by Great Eastern for the next five years, will offer close to 2m DPS members increased insurance coverage.
As a financial consultant, do you have trouble following up properly with your clients and keeping them engaged? If it's one of the trouble areas you're looking to improve, this event's for you.
Manulife has launched a region-wide training academy for its growing 115,000 insurance advisers in Asia.
Manulife Hong Kong has signed a lease agreement for approximately 145,000 square feet of Grade A office space at International Trade Tower (ITT) in Kowloon East, Hong Kong's largest Grade A office leasing deal since July 2019 and the largest in Kowloon East since April 2018 in terms of net floor area.
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