In addition, a pick-up of activity across all markets led to a 36 per cent growth in total weighted new sales to S$432.8 million, from S$317.5 million in the year-ago period.
Amid higher sales, new business embedded value edged up 2 per cent to S$160.2 million, from S$157.4 million in the corresponding period last year. Group chief executive officer Khor Hock Seng said Great Eastern's focus on strengthening its distribution capabilities paid off in the first nine months of the year. He noted that the group was able to adapt in the current operating environment capitalising on the digital and technology infrastructure provided by Great Eastern, which contributed to higher sales.
The group now has an agency force size of more than 30,000 financial representatives across the region, said Mr Khor. He added:"We are committed to boosting hiring and offering opportunities amid employment uncertainties. In Singapore, we have hired more than 1,000 financial representatives, welcoming recruits from a range of diverse backgrounds, such as fresh graduates and mid-career individuals."For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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Source: BusinessTimes - 🏆 15. / 51 Read more »