today, david choo, md of promiseland independent and myself accepted the invitation to attend zurich internationl life's client appreciation evening. zurich international life, part of the zurich financial services group established it's presence locally in may 2005.
the occasion was graced by zurich financial services group ceo, mr martin senn who flew in specially for the event.
mr senn filled us in on the company's directions and goals for the new few years and also informed us that they have applied to set up a subsidiary in singapore and a full licence to give the company, access to sell and distribute a greater variety of life insurance products to a wider group of consumers.
currently, zurich international life serves mainly corporations, expatriates or high net-worth individuals because of the limited licencing as given by the monetary authority of singapore.
my comments:
zurich international life is probably well known by one of it's champion products, vista, an investment-linked plan and another is their international term assurance, a non-participating regular premium term protection product.
by next year, i am excited by the news that zurich international life hopes to roll out more insurance solutions for singaporeans and permanent residents, such as savings and retirement products.
my hope is that zurich international life will incorporate a focus group to tap into the feedback/inputs of selective industry practitioners like what many other insurers have been doing, which will translate to not only more innovation but better competitive products available to the consumers here.
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