You might need heard the information that Allianz, a giant worldwide insurance coverage firm, desires to purchase a giant a part of NTUC Earnings. This has left many individuals questioning what it means for his or her insurance coverage insurance policies. If you happen to recall, NTUC Earnings was an insurance coverage co-operative in Singapore. In 2022, it was introduced that NTUC Earnings would transition from a co-operative to a company, turning into Earnings Insurance coverage Restricted. This corporatisation was accomplished on September 1, 2022. On July 17, 2024, Allianz Europe B.V. introduced a Pre-conditional Voluntary Money Common Provide to accumulate not less than 51% of the shares in Earnings Insurance coverage Restricted. 
What are the impacts on the policyholders and the insurance coverage panorama in Singapore? Let’s break it down.
What are the impacts on the policyholders and the insurance coverage panorama in Singapore? Let’s break it down.
Continuity of Insurance policies
Allianz plans to take care of Earnings Insurance coverage’s participation in nationwide insurance coverage applications. They’ve additionally dedicated to recognizing the union and upholding good labour-management relations, as advocated by Singapore’s…
