Insurers in Singapore expand product offerings to better target the wealthy
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AIA plans to upskill 1,000 financial services consultants by next year so they can serve such wealthy clients.
PHOTO: REUTERS
SINGAPORE - Insurers are enhancing their product offerings in a bid to grab a slice of the fast-growing wealth management business - a sector long dominated by banks.
The moves are in response to the growing numbers of well-heeled customers who are turning to the financial services sector for help in organising their money while also ensuring prime health cover.
