Friday, November 24, 2017

AVIVA SINGAPORE ANNOUNCES SIXTEEN WEEKS PARENTAL LEAVE AT FULL PAY FOR ALL EMPLOYEES, REGARDLESS OF GENDER

Aviva Singapore announces today a new parental leave policy which offers equal paternity and maternity leave for every parent employed by Aviva when a new child arrives.

Effective as of 19 November 2017, the new policy offers sixteen weeks parental leave at full pay within the first twelve months of a child’s arrival. It applies to all Singapore-based permanent Aviva employees regardless of gender, nationality, sexual orientation, marital status, and covers both birth and / or adoption. Employees welcoming a new child twice within a year are entitled to sixteen weeks of parental leave each time, which can be utilised within a year of the arrival of each child.

This is in addition to other existing parental leave arrangements at Aviva, such as Shared Parental Leave (up to 4 weeks), Childcare Leave (6 days), Extended Childcare Leave (2 days) and New Infant Care Leave (6 days unpaid).

Employees are required to have a minimum of three months of continuous service to be eligible for this policy.

Key entitlements include:
 Sixteen weeks paternity / maternity leave at full pay
 Includes employees across all levels of the company
 If both parents are employees of Aviva, they will each have their own entitlement to leave
and pay, which they can take at the same time
 No limit on the number of new children

The new parental leave policy is part of a Group-wide initiative and will be rolled out in Singapore, UK, Ireland, France, and Canada, with plans to extend this to other Aviva markets within the next year. This is part of Aviva’s strategy to create a diverse and inclusive working culture in which barriers to career progression are removed.

Mark Wilson, Group Chief Executive Officer, Aviva plc said: “I want to live

Friday, November 17, 2017

Insurance claims assessment in seconds soon a reality for Prudential Singapore PRUshield policyholders

Insurer trialing an intelligent machine learning-based solution that simplifies claims assessment 

Prudential Singapore (Prudential) is leading a step change in the way insurance claims are made with its trial of an industry-first, machine learning-based solution that assesses claims in seconds.

It sits at the core of a new customer e-claims platform which Prudential is making available to selected insurance policyholders on a trial-basis.



The first phase of the trial, set to commence in late November 2017, will focus on automating the processing of PRUshield pre- and post- hospitalisation claims from eight major hospitals. These form the bulk of the 14,000 paper bills and receipts that Prudential’s claims assessors review each month.

Tuesday, November 7, 2017

Australia - StartSMART: a new way of using technology to support the recovery of injured workers

An innovative new trial is being rolled out in New South Wales that aims to support the recovery of people injured at work.

An estimated 2,000 injured workers will qualify to take part in the pilot, known as StartSMART, which uses web-based technology and personal wellness consultants during the critical early stages of recovery.

Developed by Allianz Australia in partnership with icare and the NSW Department of Education, the program aims to support workers in their return to work and health as quickly as possible and be used in conjunction with existing treatment and workers compensation insurance plans

If successful, the program will be rolled out to more injured workers next year. 

The free and confidential program includes video-conferencing sessions with a qualified rehabilitation wellness consultant, meaning injured workers can access the sessions no matter where they are located. 

Workers are able to choose the times of their sessions so they can be completed at home or anywhere the worker chooses using a smart phone, tablet or computer.

Allianz General Manager Government Services Mark Pittman said: “Allianz is constantly looking for new and innovative ways to support the recovery of people injured at work.

“Our goal is to provide workers with independent advice and support that will

Saturday, November 4, 2017

Income tailors employee benefit insurance plans for start-ups in Singapore

Income tailors employee benefit plans for start-ups, offering them on industry’s first self-service platform to support the start-up ecosystem

www.startsure.com.sg supports purchase of insurance plans directly without underwriting or paperwork; provides employees peace of mind with comprehensive protection as start-ups scale

Singapore - NTUC Income (“Income”) launched today Start.Sure (www.startsure.com.sg), the industry’s first self-service digital platform, designed for new start-ups that have been incorporated between one and five years and are employing between two and 15 full-time staff, to not just purchase but also manage employee benefit insurance with ease.

Additionally, Start.Sure offers three employee benefit insurance plans – Energiser, Turbo Booster and Super Charger – that cater specifically to meet the employee protection needs of start-ups at different life stages and scale as they offer employees peace of mind. 

The insurance plans, which cover pre and post-hospitalisation and surgical expenses, including kidney dialysis, cancer treatments and out-patient consultation by a general practitioner, require no paperwork and underwriting. Most significantly, the plans offer three-month free coverage for employees should the start-ups cease operation.



As more young Singaporeans take to entrepreneurship, the start-up scene in Singapore is thriving. As such, Start.Sure complements the development of a dynamic start-up ecosystem in Singapore by supporting start-ups’ quest to attract and retain talents, as they look to protect their companies’ most valuable asset – employees.

Income’s Chief Operating Officer, Peter Tay, describes the launch of Start.Sure as a show of commitment by Income to support Singapore’s young entrepreneurs.

He said: “As the name suggests, we aim to be the reliable companion to these

Saturday, October 21, 2017

Chubb Announces Distribution Agreement with Singapore's DBS Bank

Chubb to distribute consumer and commercial P&C insurance products through bancassurance channels in five markets in Asia

Chubb Limited announced today that it has entered into a 15-year distribution agreement with DBS Bank, the largest banking group in Southeast Asia. 

Under the terms of the agreement, Chubb will distribute general insurance products on an exclusive or preferred basis through multiple DBS banking channels, including in-branch and various direct marketing channels.  

The partnership covers five markets in Asia – Singapore, Hong Kong, Taiwan, Indonesia and China. Property and casualty (P&C) insurance products for small to mid-sized enterprises, as well as coverages for home, contents and selected personal accident and supplemental health (A&H) insurance products, will be distributed on an exclusive basis. 

Based in Singapore, DBS is a leading financial services group in Asia that offers consumer banking, wealth management, and commercial banking for small and medium-sized enterprises (SMEs).  The bank has nearly 7 million customers in six countries, including over 3 million internet and 2 million mobile banking customers. 

"For Chubb, our agreement with DBS represents a meaningful long-term