Aviva entered the Singapore market
in July 2001 through acquisition of the former
Insurance Corporation of Singapore. Since then,
the Company has grown from the 6th to the 3rd largest
provider of long-term regular savings products.
It has also expanded its offerings to include unit
trusts via Navigator, a single electronic platform
which aggregates and tracks customers' investment
portfolios.
Aviva’s successful Bancassurance business commands more than 20% market share of the regular savings market (through partnership with DBS Bank). In addition it is also a leader in the Third Party Financial Advisory (FA) and the Employee Benefits and Healthcare markets. For the latter, the Company has more than 30% market share, providing protection for 600,000 employees in Singapore.
As part of the strategic plan to make Singapore
a regional centre, Aviva is currently expanding
into the international market. International
Financial Solutions was launched in April 2004
to cater to the internationally mobile professionals.
The Company's innovative partnership with the
National Kidney Foundation in May 2004 is another
milestone in bringing financial security and
affordable protection to the general public. |