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Zurich exits S'pore life insurance scene

Surprise move prompts call for MAS to review selection criteria

Singapore

THE shocking exit of Swiss-based insurer Zurich Insurance Group from Singapore's life insurance scene has caused quite a stir and left some distributors feeling bummed.

Several financial advisory (FA) firms here told The Business Times that they found out about Zurich's departure from the local life insurance market only after they saw the news online in the past few days.

BT understands that the insurer had sent out letters to a group of policyholders and distributors.

On Nov 30, Zurich announced...

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