MSIG Singapore

✨ Happy Deepavali to Our Valued LinkedIn Connections! ✨ As we celebrate Deepavali this coming week, we are reminded of the promise of new beginnings and growth. A festival steeped in various historical and mythological stories, Deepavali encourages us to reflect on the past year, appreciate the present and look forward to the future with hope and optimism. Here's wishing all who celebrates the Festival, a wonderful Deepavali and a restful holiday!

In a recent interview with Insurance Asia, our Chief Transformation Officer Sharon Teo discussed the evolving skills that are in shortage in the insurance sector. She outlined three critical skills areas: 🌱 Sustainable Finance: As sustainability becomes a topic of importance, insurance professionals must upskill themselves and learn about ESG disclosure and reporting while underwriters would need to harness knowledge of climate change and renewable energy to better assess risks. 🛡️ Digital and Cyber Security: Similarly, rising online threats have also heightened the need for cyber expertise in the insurance industry which are required to effectively manage and underwrite these emerging risks. 🤖 Generative AI: And as the industry continues to ramp up its adoption in new technologies, skills for leveraging Generative AI such as writing effective prompts and utilizing tools will become essential. Given the lack of Gen AI and sustainable finance skills in the current talent pool, she emphasized the need for collaboration among industry players including training institutions, which will be vital for creating accredited programs and courses to foster these skills sets. In her opinion, insurance is like a craft that needs to be hone through many years. However, the younger generation tends to have less patience when it comes to building their skill base. To address this, employers would need to manage workforce expectations around career progression and provide holistic development opportunities. Creating a meaningful work environment is also crucial to retaining young talent. Click here to listen in to the full conversation: https://lnkd.in/g74YzcF6 #TalentDevelopment #SustainableFinance #DigitalRisk #CyberSecurity #GenAI #FutureofWork

A big thank you to GIA Singapore for organizing the fantastic GIA Captains For Hope charity tournament! 🎉 Winning third place was a feather in our cap, but the real joy was in the fun we had and the connections we made with industry peers. Looking forward to more such events!

We are thrilled to announce that we have partnered with Thriwe - a leading loyalty solution provider, to offer exclusive, high-value benefits to our valued travel policyholders! This collaboration brings together comprehensive travel protection and luxurious lifestyle perks, setting a new standard in the travel insurance industry. Through this partnership, our customers will get to enjoy access to premium international airport lounges worldwide as well as other exclusive, high-value benefits when they purchase selected MSIG’s TravelEasy insurance. “Our alliance with Thriwe marks a significant step in redefining the benefits space for travel policyholders. As we expand our travel insurance portfolio, providing exclusive perks beyond our comprehensive insurance coverage sets us apart as a key player dedicated to delivering an unmatched travel experience.” - Mack Eng, CEO of MSIG Singapore https://lnkd.in/g26qycJg #TravelInsurance #Partnership #Collaboration #CustomerCentric

🚀 Introducing CriticalCare Plus 🚀 We’re excited to unveil CriticalCare Plus, our latest health policy designed to bridge the protection gap in the market, with coverage for five major critical illnesses: cancer, heart attack, stroke, Parkinson’s disease and Alzheimer’s disease. In the face of rising medical costs and the increasing prevalence of chronic diseases, CriticalCare Plus aims to provide financial security during health crises. With accelerated payouts, CriticalCare Plus supplements employer and national health plans, offering our policyholders additional funds for treatment and recovery from chronic illnesses. Learn more about how MSIG's health insurance can support you and your loved ones here: https://lnkd.in/gCpeGrAY #HealthInsurance #CriticalIllness #Healthcare

Sharing the joy here!   Congratulations to our Head of Corporate Services, Sharon Teo who was conferred the IBF Fellow Award in General Insurance. Sharon's outstanding leadership and industry contributions have led to this well-deserved recognition.   Her extensive contributions have significantly supported the growth and development of the General Insurance industry, ensuring it remains relevant and competitive in a rapidly changing landscape. This included involvement in the IBF Insurance Workgroup, IBF Skills Future Accelerator Steering Committee, GIA Talent Committee and the MAS Human Resources Industry Group. We are proud to have such a visionary leader on our team. Congratulations once again Sharon!

🚀 Exciting Partnership Announcement! 🚀 MSIG Asia and SERENITY Health Partners will be joining forces to expand health insurance portfolio in the region! The collaboration aims to revolutionise the health insurance landscape by bridging the gap between local health insurance products and international private medical insurance. Launching first in Singapore, we will be introducing a new Group-health segment that’s set to deliver exceptional value and innovative solutions to our corporate clients. Watch this space for more developments! A heartfelt appreciation to our invited guests and brokers for joining us at the launch event this morning. Your support is invaluable! #HealthInsurance #Innovation #Partnership https://lnkd.in/eHgHrNRi

A huge thank you to Embed Global for the shout-out! 🌟 It’s partnerships like this that fosters greater collaboration and innovations in the market. Stay tuned as we continue to team up with visionary partners to create customer-centric solutions to meet emerging needs and serve targeted segments. Together, we’re shaping the future of insurance! 🌐✨ #Innovation #Collaboration #CustomerCentric #InsuranceRevolution https://lnkd.in/gtGyR8gN

Bringing our insurance solution closer to SMEs! Our partnership with intermediary Embed Global to simplify business insurance purchasing for SMEs takes a step further - leveraging AI and WhatsApp messenging platform to streamline the process of instant quotation and issuance of e-policies. This collaboration will enable MSIG to expand the access and affordability of its business insurance, and importantly empower small business owners and entrepreneurs in their growth journey. “The availability of appropriate insurance policy cover is important for business continuity and success of SMEs, which constitute 99% of businesses in Singapore. Lack of insurance protection or underinsurance can significantly hinder their growth with ripple effects impacting the economy. Through our collaboration with Embed Global, we aim to foster entrepreneurship by making insurance both accessible and affordable. This partnership ensures our SME clients have adequate financial protection to navigate risk events and recover swiftly.” - Mack Eng, CEO of MSIG Singapore More details on the collaboration here: https://lnkd.in/g6FpFBsT

A Day to Singapore’s 59th Birthday! Earlier this week, we came together to celebrate as a company with a delightful spread of nostalgic treats like Kachang Puteh, Tutu Kueh, and Ding Ding Candy. The festivities were in full swing with henna and airbrush tattoos featuring special National Day-themed designs to set the celebratory mood, and the Best Dressed Awards adding extra sparkle to the revelry! As we unite to honour Singapore’s incredible journey of nation-building, here's wishing everyone a very happy National Day! To many more years of progress and success together, Singapore! 🌟 #ndp2024 #SG59