Through a holistic curriculum, AIA Singapore and Singapore University of Social Sciences seek to nurture next-generation talents and pave the way for sustainable, purposeful careers. SINGAPORE - Media OutReach Newswire - 30 August 2024 - AIA Singapore and Singapore University of Social Sciences (SUSS) today launched Singapore's first Minor in Insurance Fundamentals as part of a newly signed Memorandum of Understanding (MoU) between both parties. This programme aims to cultivate and expand the pool of future-ready talent for the insurance industry.
It represents the inaugural collaboration between a Singapore university and an insurer to develop a joint training programme. Pictured from left to right: Wong Sze Keed, Chief Executive Officer of AIA Singapore, Mrs Mildred Tan, Chairman of SUSS Board of Trustees and Independent Non-Executive Director of the AIA Singapore Board, Professor Tan Tai Yong, President, SUSS The introduction of this programme seeks to address the growing demand for skilled professionals in Singapore's financial services sector. Singapore's life insurance market is poised for substantial growth, with the gross written premium projected to expand at a CAGR of 6.
41% from 2024 to 2028, reaching a market volume of US$58.83 billion by 2028[1]. This growth, however, is tempered by persistent talent shortages[2].
The programme will bridge the talent gap by equipping training professionals with essential insurance principles, compliance knowledge, and financial ac.