facebookWill Aviva's impending exit from Asia affect local policy holders? - Seedly

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Anonymous

23 Aug 2019

βˆ™

Insurance

Will Aviva's impending exit from Asia affect local policy holders?

Discussion (4)

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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 – which makes up roughly half Aviva’s profits in the region – and Vietnam."

So giving up half of Asia's profit might not be the best decision but hey, who knows?

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 πŸ‘

but as what Hariz had shared, it’s 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)

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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