Insurance LaunchPad - Insuring The Future

Programme Highlights

This two-day course offers a comprehensive exploration of Singapore’s insurance industry, highlighting its significant role in both regional and global markets. Participants will gain a deep understanding of the Monetary Authority of Singapore (MAS), its regulatory frameworks, and the current regulatory landscape. The course delves into market dynamics, covering Singapore’s position in the global reinsurance market, key players, intermediaries, insurance bodies, and emerging disruptors. Attendees will also examine the digital transformation of the sector, including online platforms and digital brokers. In addition, the course covers various general and life insurance products, the impact of climate change on the industry, and the growing sectors of health and cyber insurance. By the end, participants will be equipped with insights into cross-border insurance opportunities, especially within the ASEAN region, and future industry challenges and trends.

14 CPD Hours
Mode: Face-to-face training
Dates: 22 & 24 January 2025
Time: 9.00 a.m. to 5.00 p.m.

For Whom

All new entrants, junior staff and executives of the insurance and reinsurance industry
Also suitable for insurance practitioners and intermediaries wishing to know more about the Singapore insurance market landscape as well as the trends, challenges and opportunities arising from it.

Key Learning Objectives

At the end of the programme, participants should be able to:

Industry Evolution & Singapore’s Role: Understand the insurance industry’s evolution and Singapore’s role as a global hub.
MAS: Learn MAS’s role and key industry players, including their interactions.
Insurance Products: Know the types of general and life insurance products available.
Digital Innovation: Recognize the rise of digital platforms and brokers.
Climate Change Impact: Understand climate change effects on the insurance sector.
Growth & Cross-Border Opportunities: Explore high-growth sectors (health, cyber) and ASEAN collaborations.

Programme Outline

Introduction

Brief History of the Insurance Industry in Singapore
Importance of Singapore as a Regional and Global Insurance Hub

The Regulatory Landscape

Role of the Monetary Authority of Singapore (MAS)
Regulatory objectives
Key regulations and guidelines affecting the insurance industry
Recent Regulatory Changes and their Impact

Market Segmentation and Key Players

Life Insurance vs. Non-Life Insurance
Reinsurance and the Role of Singapore in the Global Reinsurance Market
Major Insurance Companies and their Market Share
Insurance Intermediaries
Industry Bodies including Associations
Emerging Market Entrants and Disruptors
How all players interact with each other

Products

Personal General Insurance
Commercial General Insurance
Life Insurance

Key Trends and Challenges

Digital Transformation and InsurTech
Introduction to key digital innovations
The rise of online insurance platforms and digital brokers
Evolving Consumer Preferences and Behaviors
Climate Change and its Impact on the Insurance Market

Opportunities and Future Prospects

Growth Sectors: Health Insurance, Cyber Insurance, etc.
Potential of Cross-Border Insurance Opportunities with ASEAN and Beyond

Sharing by Industry leader(s)

Group Exercise

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Programme Leader

Perry Tan has over 20 years of experience in the General Insurance industry, with roles in broking, underwriting, and business development. He has led the Marine Cargo Division at a major Japanese insurer, contributed to the General Insurance Association of Singapore, and now heads the Technical Training Department at the Singapore College of Insurance.

Programme Fee

Full Course Fee: S$545.00 (incl. of 9% GST)

Net Course Fee: S$395.00 (incl. of 9% GST and after 30% FTS funding) for Singapore Citizens below 40 years old and Singapore Permanent Residents

Net Course Fee: S$195.00 (incl. of 9% GST and after 70% FTS funding) for Singapore Citizens aged 40 years old and above

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Last Updated Date:

20/12/24