Aviva is a global insurance company that offers a wide range of insurance and investment products to individuals and businesses worldwide. The company has been in operation for over 300 years and has a presence in more than 16 countries. In Singapore, Aviva has been providing insurance solutions to customers for over 150 years. In this essay, we will discuss Aviva Singapore and its operations in the country.
Aviva Singapore offers a range of insurance products that cater to the needs of individuals, families, and businesses. Some of the products offered by the company include life insurance, health insurance, critical illness insurance, and general insurance. Aviva Singapore also offers investment products such as unit trusts, endowment plans, and retirement plans.
One of the unique aspects of Aviva Singapore is its commitment to innovation. The company has been at the forefront of developing new products and services that cater to the changing needs of customers. For example, Aviva Singapore was the first insurer in the country to launch a usage-based motor insurance policy. The policy, called Aviva MyMotor, allows customers to pay premiums based on their driving behavior.
Another innovative product offered by Aviva Singapore is the Aviva MyRetirement Plus plan. This plan is designed to help customers save for retirement and provides a range of investment options that cater to different risk profiles. The plan also offers a guaranteed monthly income stream for life, which provides customers with a stable income in retirement.
Aviva Singapore has also been active in the community, supporting various charitable causes and initiatives. For example, the company has partnered with the Singapore Cancer Society to provide financial support to cancer patients and their families. Aviva Singapore has also supported various environmental initiatives, such as the planting of trees in the country’s parks and nature reserves.
In terms of financial performance, Aviva Singapore has been a strong performer in the market. In 2020, the company reported a total income of SGD 1.1 billion and a profit after tax of SGD 191 million. The company’s strong financial performance is a testament to its commitment to providing quality insurance products and services to customers.
Aviva Singapore has also received several accolades for its products and services. In 2020, the company was awarded the Best Life Insurance Company in Singapore at the Global Banking and Finance Awards. Aviva Singapore was also named the Best Health Insurance Company at the Asia Insurance Industry Awards in 2019.
In addition to its commitment to innovation and community support, Aviva Singapore has also been focused on digital transformation. The company has invested heavily in digital technologies to provide customers with a seamless and convenient experience. Aviva Singapore has developed a mobile app that allows customers to manage their policies, make claims, and access a range of other services.
Aviva Singapore has also launched a chatbot, called Aviva Buddy, which provides customers with real-time assistance for their insurance queries. The chatbot is available 24/7 and has been well-received by customers for its responsiveness and accuracy.
Another aspect of Aviva Singapore’s digital transformation is its use of data analytics. The company has been using data analytics to gain insights into customer behavior and preferences, which has helped it to develop new products and services that cater to the needs of customers.
Aviva Singapore has also been focused on sustainability, with a commitment to reducing its environmental impact. The company has set a target of achieving net-zero carbon emissions by 2040 and has implemented several initiatives to reduce its carbon footprint. For example, Aviva Singapore has invested in renewable energy sources and has implemented energy-efficient practices in its offices.
In terms of customer service, Aviva Singapore has been recognized for its excellence. The company has a dedicated customer service team that provides assistance to customers in a timely and efficient manner.