Incumbents Aviva, AIA fight rivals for joint Mindef, MHA tender (Amended)
The two insurers, along with Great Eastern, are said to have put in bids to provide group-employee benefits
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Singapore
THE pressure is on for incumbent insurers Aviva and AIA to battle, not only new contenders, but also each other for the multi-million-dollar group-employee benefits contract involving the Singapore Armed Forces (SAF) and the Ministry of Home Affairs (MHA).
Aviva has been the insurer for the SAF for a long time, and AIA is the insurer for MHA under the existing deal, but the stakes could be higher this time round if one winning bidder secures both accounts.
Industry observers estimate the total value of the two existing contracts to be easil…
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