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Allianz's bid to take over Singapore's Income Insurance drew scrutiny from both public officials and prominent Singaporeans. How a Global 500 insurer’s $1.6 billion Singapore deal fell apart ...
Income Insurance Limited, commonly known as Income and previously also known as NTUC Income, is a composite insurer based in Singapore, offering life, health and general insurance. Initially founded as a cooperative in 1970 under the National Trades Union Congress (NTUC), it was restructured as a public non-listed company limited by shares in ...
He was appointed, as the Group Chief Executive at NTUC Enterprise on 1 October 2013. [1] Previously Tan was Chief Executive of NTUC Income Insurance Co-operative Limited in Singapore from February 2007 to September 2013. He has served as a member of the organization's Board of Directors since 2003. [2]
The National Trades Union Congress (NTUC), also known as the Singapore National Trades Union Congress (SNTUC) internationally, is the sole national trade union centre in Singapore. NTUC leads the labour movement of Singapore , comprising 59 affiliated trade unions, 5 affiliated trade associations, 6 social enterprises, 6 related organisations ...
Tan ran NTUC Income with the aim of providing the best value to the policyholders. This meant lower fees for insurance agents, encouragement of direct selling practices which bypassed the agents altogether, [6] and low operating expenses—throughout his 30-year term as CEO, Tan flew in economy class, even on long haul flights. This management ...
In May 1970, the National Trades Union Congress (NTUC) announced plans to provide a cooperative taxi and minibus service. [4] The cooperative was aimed to target the problem of pirate or "ali baba" taxis which were rampant in Singapore at that time, [5] and NTUC planned to get former pirate taxi drivers to drive the minibuses as part of the cooperative. [6]
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