FWD to pull out of group medical insurance business in Singapore

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

SINGAPORE (THE BUSINESS TIMES) - FWD Group, the insurance arm of Hong Kong's investment conglomerate Pacific Century Group, is pulling out of the employee benefits business in Singapore, key of which is group medical insurance.. Read more at straitstimes.com.

SINGAPORE - FWD Group, the insurance arm of Hong Kong's investment conglomerate Pacific Century Group, is pulling out of the employee benefits business in Singapore, key of which is group medical insurance.

This will impact over 80,000 members across various companies covered by its employee benefits business, according to FWD's website. An FWD spokesman told The Business Times that affected clients were informed over the past few months on the shuttering of the employee benefits business.It is believed to be the fifth-largest group medical insurer in Singapore.

FWD said it will still maintain its direct-to-consumer business, which offers a suite of life and general insurance products including direct-term life, car, travel, personal accident and maid insurance. Outside of Singapore, FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Vietnam and Japan, offering life and medical insurance, general insurance and employee benefits across a number of its markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FWD to pull out of employee benefits business in SingaporeFWD to pull out of employee benefits business in Singapore.
Source: BusinessTimes - 🏆 15. / 51 Read more »

FWD to pull out of employee benefits business in SingaporeFWD to pull out of employee benefits business in Singapore.
Source: BusinessTimes - 🏆 15. / 51 Read more »