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Kenneth Lou
23 Aug 2019
Co-founder at Seedly
This is actually a pretty good question given the situation now.
personally a AVIVA policy holder also π
but as what Hariz had shared, itβs the same like the recent Zurich life insurance sale to Singapore life.
all the policyholders with existing policies are simply transferred over.
AVIVA is simply too massive and actually i think will survive for many years to come (as most insurance companies do)
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Hariz Arthur Maloy
23 Aug 2019
Independent Financial Advisor at Promiseland Independent
Aviva's not exiting, it's just available for sale. If another insurer were to take over, nothing usu...
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A point to note is that they have not decided, just reviewing. According to this article,
https://insuranceasianews.com/is-aviva-to-be-la... ,
"... in addition, it has wholly-owned operations in Singapore β which makes up roughly half Avivaβs profits in the region β and Vietnam."
So giving up half of Asia's profit might not be the best decision but hey, who knows?