Departure of 244 agents 'a long time coming', says defence lawyer

Defence says that 1,137 people left Prudential in 2016, a record number even if the 244 defecting agency leaders and agents were excluded; cost-cutting by life insurer added to unhappiness

Published Fri, Aug 30, 2019 · 09:50 PM

prudential

Singapore

THE departure of 244 agents and agency leaders from Prudential Assurance Company Singapore in 2016 was "a long time coming", with a cost-cutting exercise by the life insurer adding to unhappiness, the High Court heard on Friday.

Regardless of whether Prudential's former top agency manager Peter Tan Shou Yi had attempted to solicit any of them, the root cause of the departures would have been personal reasons, argued Mr Tan's lawyer, Senior Counsel Thio Shen Yi in an opening statement.