The interests of affected parties are being protected by a rigorous review process. Such process includes the appointment of an independent actuary to produce a report on the potential impact of the Proposed Transfer on policyholders, consultation with and approval of the MAS and AMBD, ability for all policyholders to raise concerns and object to the transfer at the Court hearing, and requirement for the transfer to be approved by the Court whereby the Court must be satisfied that policyholders are not disadvantaged by the Proposed Transfer.
With the transfer, AIA Brunei will be aligned with AIA Singapore Private Limited’s legal and operational structure, thereby enhancing operational efficiencies.
This alignment will allow a streamlined approach in the region, so that we can more efficiently meet our customers’ needs.
AIA Singapore Private Limited, a subsidiary of AIA Company Limited, is a prominent life insurer with a long history of close to 90 years in Singapore.
We are committed to professional and effective processes that minimise risks to our operations.
Protecting our stakeholders’ interests is our priority. AIA Singapore Private Limited and AIA Brunei operate under a rigorous regulatory environment, with strict controls and processes in place to ensure that the policies with AIA Singapore Private Limited and AIA Brunei remain secure.