Insurance
launch of zurich life insurance singapore
By Patrick Lim  •  May 2, 2012
today, david choo, the md of promiseland independent pte ltd and myself attended the grand launch of zurich life insurance singapore at the marina mandarin hotel. we have heard that zurich international life has applied for a full licence many months ago and today, the subsidiary of zurich insurance group, which is zurich life insurance singapore has been granted a full licence by the monetary authority of singapore to sell products to a wider market where previously, the company could only target a defined market with a restricted licence. zurich international life has been operating locally since 2006 and has been limited to the mass affluent and affluent market which represents some 5% of the total market. mr graham morrall, chief executive of zurich life insurance singapore said that with the full licence, the company is reaffirming its full commitment to the singapore market and will enable it to tap ...
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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