News Life and Health05 Dec 2019

Singapore:Insurer pulls the plug on employee-benefits business


FWD Group, the insurance arm of Hong Kong-headquartered Pacific Century Group, will be closing its employee benefits business in Singapore by December 2020 according to comments from a FWD spokesperson to local publication The Business Times. This means that the insurer will stop pitching for new contracts for that business and will also not renew existing contracts once they expire.

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