Brightbridge Wealth Management Headlines: Zurich Financial Services plans to boost life insurance business in Singapore
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by maxaaron12
119 days ago
under brightbridge wealth management, brightbridge wealth management zurich, brightbridge wealth management headlines-zurich
SINGAPORE : Zurich Financial Services plans to double its life insurance premiums generated in Singapore over the next three years.
The company has made an application to the Monetary Authority of Singapore for a full subsidiary licence for its life insurance business. Giving an update on its business, the insurance company says the licence will allow it to tap into the other 95 per cent of the life insurance market in Singapore. Currently, Zurich Financial Services serves mainly large corporates, high net worth individuals and the expatriate community due to licensing restrictions. Regulations only permit the company to service clients who has the ability to invest at least US$5,000 per annum over ten years. » Brightbridge Wealth Management Headlines: Zurich Financial Services plans to boost life insurance business in Singapore |