In less than one year of being in the market, and having acquired Zurich Life Singapore’s expansive customer portfolio, Singapore Life continues to push the boundaries of technology in life insurance.
According to Singapore Life CEO Walter de Oude, despite the rise of technology and artificial intelligence across the insurance industry, particularly within Singapore, the old life insurance industry has not kept up with digital innovation.
“The insurance industry was fundamentally broken in my view,” says de Oude, “and there were significant opportunities for customers to benefit from technology, opportunities that were not being explored.”
“And so that’s what we did. We set up Singapore Life to do just that, to explore the potential for what a new insurance company could do better, with all the power of today’s technological efficiency.”