Prudential plc

While there is growing recognition that addressing climate challenge will require the mobilisation of financial resources towards carbon intensive sectors, access to capital remains difficult especially for emerging markets. As a responsible insurer, Prudential is committed to help emerging markets transition with the recent launch of our climate transition financing framework. It provides flexibility for emerging markets or companies that have made efforts to reduce their emissions' intensity significantly, but struggle to meet the high decarbonisation thresholds set by developed markets. Liza Jansen, CFA, Prudential plc’s Head of Responsible Investment, speaks to Eco-Business on Prudential’s strategy in supporting a just and inclusive transition: http://spr.ly/6042SzFbe #EveryLifeEveryFuture #Sustainability

We are pleased to announce the appointment of Patrick van Heerde as Chief Partnership Distribution Officer, effective 4 November. Patrick will lead Prudential’s bancassurance businesses across our 24 markets in Asia and Africa. He will be responsible for driving our bank partnership model by expanding our proposition to multiple market segments, utilising technology and data analytics to deliver exceptional value for our bank partners and customers. Click here to learn more: http://spr.ly/6047SHzOU #NextPrudential #EveryLifeEveryFuture

How can we make healthcare more personalised, more frictionless, and more efficient? At Google Cloud's ‘Let’s Talk AI’ media event, Arjan Toor, CEO, Health, Prudential plc and Grace Park, Chief Data, Analytics and AI Officer, Prudential plc, discussed with Mitesh Agarwal, Managing Director of Solutions & Technology for Google Cloud Asia-Pacific, the potential for AI to fundamentally transform healthcare – by delivering a better health experience and helping to deliver better health outcomes for our customers. AI and data are foundational enablers that can bolster our Health business. Our mission is to use technology to seamlessly connect the healthcare system and make every customer interaction smoother and more satisfying. Fostering a culture of innovation and thinking outside of the box when it comes to technology is key. We are providing our employees with hands-on training and the opportunity to experiment with AI as we believe that our best innovations will come from our own people. Our AI Lab which we recently launched will focus on the use of machine learning, AI, and generative AI with the goal of delivering better customer experiences, power distribution, and improve the access and quality of healthcare. Learn more about how we’re building the future of insurance and healthcare with AI: http://spr.ly/6042S6qCQ #NextPrudential #EveryLifeEveryFuture

At our recent Prudential plc Board Meeting, we were honoured to host Singapore's Deputy Prime Minister, Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), Gan Kim Yong, and MAS’ Assistant Managing Director (Development and International) and Chief Sustainability Officer, Gillian Koh Tan. They met with our Board and Group Executive Committee at Eastspring Investments's Singapore office to discuss opportunities for the private sector to support Singapore's long-term plans for net zero emissions, growing AI talent and skills, enhancing retirement savings, and advancing healthcare innovation for a more resilient and healthier nation. It was an insightful session which provided perspectives that enriched the strategic discussions around our business priorities. Underpinning our strategy is our purpose, For Every Life, For Every Future. Backed with 176 years of providing life and health protection, we will continue innovating to provide long term security to our customers and create positive impact for communities across Asia and Africa. #NextPrudential #EveryLifeEveryFuture

Prudential plc Chair, Shriti Vadera, was honoured to meet with Singapore’s Prime Minister and Minister for Finance, Lawrence Wong, during her recent trip to Singapore. Shriti was accompanied by our Group CEO Anil Wadhwani, and our senior leaders Dennis Tan, CFP® and Bill Maldonado. The group exchanged views on topics such as macroeconomics, tech and AI, sustainability, and protection and savings. We reaffirmed Prudential’s commitment to Singapore as a strategic market for both our asset management arm and life insurance business. Eastspring Investments is the largest asset manager headquartered in the country, and Prudential Assurance Company Singapore serves over one million customers locally. Together, we remain dedicated to expanding our insurance, investment and asset management services to meet the financial needs of Singaporeans. #NextPrudential #EveryLifeEveryFuture Photo by Ministry of Digital Development and Information

We are excited to announce that we’re one of the first insurers in Asia to use MedLM, Google’s large language model trained on medical data, to make medical claim approvals faster and more frictionless. MedLM supports human decision making by simplifying and summarising claim-related documents, helping our employees process a higher volume of claims with more speed and accuracy. This will result in quicker approvals and payouts, and a better experience for our customers.    Learn more here: https://lnkd.in/eyfHvZfS   #NextPrudential #EveryLifeEveryFuture 

Amid Asia’s aging demographic and the evolving role of insurers as a health partner, how can we capitalise on change to ignite growth and elevate the customer experience? Addressing the theme of the event: Insuring the Future: Capitalising on Change and Sustainability, during the keynote discussion at Moody's Ratings’s APAC Financial Institutions Summit 2024 – Insurance, our CEO Anil Wadhwani highlighted the structural drivers unique to the APAC region which present insurers with the opportunity to play a decisive role in providing retirement and healthcare solutions for the foreseeable future.   As an asset owner and manager, it is our responsibility to give back to our communities. A key pillar of our sustainability strategy is responsible investment and we are committed to becoming a net zero asset owner by 2050. Liza Jansen, CFA, Head of Responsible Investment, Prudential plc, discussed our recently launched climate transition investment framework to finance ‘brown to green’ projects and address emerging market challenges. Our presence in Asia and Africa gives us a unique perspective which we are using to highlight the role that emerging markets must play in the global energy transition. Learn more about strategy here: https://lnkd.in/gWdkU_Hw #NextPrudential #EveryLifeEveryFuture

Mental wellbeing is central to our overall health, productivity, resilience, and our relationships with others. At Prudential, we seek to normalise conversations around mental health and offer a wide range of resources and tools to support our people’s wellbeing. World Mental Health Day was a reminder of the importance of maintaining a balanced and fulfilling life. Our local markets organised a series of events to promote mental wellbeing and engage our employees in meaningful ways. With the green ribbon as the international symbol of mental health awareness, employees wore green to show our advocacy for building a workplace where everyone feels supported and can thrive together. Learn more about our commitment to supporting our people’s wellbeing: https://lnkd.in/gP9Eet43 #EveryLifeEveryFuture #mentalhealth #workplacewellbeing

Prudential has reached an agreement to acquire the remaining shares of Prudential Zenith Life Insurance Limited, its joint venture business in Nigeria. Solmaz Altin, Managing Director, Strategic Business Group, said: "We are delighted to take full ownership of the business and have the opportunity to better serve the needs of our customers and create long term value for our shareholders. Acquiring the remaining stake is consistent with our new strategy to build a sustainable multi-channel growth platform through targeted investment in structural growth markets across Asia and Africa. We see substantial long-term opportunities in Nigeria and plan to build on our existing agents, bancassurance partnerships and direct distribution capabilities." Click here to find out more: http://spr.ly/6040oIJCk #NextPrudential #EveryLifeEveryFuture

As a long-term investor, our investment strategy is centred on achieving long term sustainable returns for our customers. At the recent #MIGlobal Asia Summit, Don Guo, Group Chief Investment Officer, emphasised our commitment to climate investment as a key long-term investment theme to combat climate change and foster a more sustainable future. We have been building a diversified, high-quality climate-resilient portfolio that can withstand and adapt to the impacts of climate change, ensuring long-term stability and growth. We are also significantly expanding our transition financing investments, to help companies transition from brown to green, which is crucial for the world’s shift to a lower carbon future. We’ve recently published Prudential’s Financing the Transition framework which outlines our approach to a just and inclusion transition investment in emerging markets, and how we can accelerate climate transition investment in these regions. Learn more here: http://spr.ly/6042ooupy #EveryLifeEveryFuture #sustainability #responsibleinvestment