Prudential Singapore Becomes First Insurer To Receive Plaque of Commendation (Gold) Award By NTUC
- NTUC confers award on Prudential Singapore for significant contributions towards the Labour Movement
Singapore, 5 May 2014 – Prudential Assurance Company Singapore (Pte) Limited (Prudential Singapore) was conferred the Plaque of Commendation (Gold) Award by the National Trades Union Congress (NTUC), becoming the first insurance company to receive the commendation.
Nominated by the NTUC with the support of Unions, the Plaque of Commendation (Gold) Award is presented to companies that have made significant and consistent contributions towards promoting good industrial relations, ensuring workers’ welfare and workfare, and supporting NTUC’s programmes.
Prudential Singapore CEO Tomas Urbanec accepted the award during the 2014 May Day dinner on 29 April 2014, where a total of 105 awards in 13 different categories were given out.
Commenting on the award, Mr Urbanec said: “Prudential Singapore is honoured to be the first insurance company to receive this vote of confidence from NTUC. This award reinforces our commitment to strengthening our workforce through the support of key Labour Movement initiatives. We will continue to take a partnership approach towards maintaining harmonious relations with our Union as our workforce continues to grow in size and productivity.”
Gan Peck Yeow, Executive Vice President & Chief Human Resources Officer, added, “We are humbled by this accolade from NTUC. It represents a strong endorsement of Prudential’s commitment in engaging and partnering the Union throughout the years. We are also grateful to SIEU’s management and for their collaboration with Prudential that has laid a strong foundation to our long-term partnership.”
In 2009, Prudential was a recipient of the May Day Model Partnership Award. The award, also handed out by NTUC, recognizes model workers, companies and unions for their contributions to the transformation of Singapore’s economy and workforce through inclusive growth and increased productivity strategies.
Prudential is one of the top life insurance companies in Singapore. It recently reported a record performance for 2013 with new business sales of S$706 million, up 18% over the previous year. It is one of the largest providers of private healthcare insurance in Singapore and a leading writer of integrated Shield plans. It has a dedicated team of about 3,600 financial consultants and over 800 employees to serve the needs of more than 780,000 policyholders, with over 1.9 million policies.
ABOUT Prudential Assurance Company Singapore (Pte) Limited (Prudential Singapore)
Prudential Singapore, an indirect wholly-owned subsidiary of UK-based Prudential plc, is one of the top life insurance companies in Singapore. Our focus is to bring well-rounded financial solutions to customers through our multichannel distribution network, with product offerings in Protection, Savings and Investment. We are one of the market leaders in Protection, Savings and Investment-linked plans with over S$25.1 billion funds under management as at 31 December 2013. With a rich history that has spanned more than 80 years, Prudential Singapore now has a dedicated team of approximately 3,600 financial consultants and over 800 employees. We are committed to serving the financial and protection needs of more than 780,000 policyholders with over 1.9 million policies.
Prudential Singapore is the first life insurer in Singapore to be named Asia's Life Insurance Company of the Year in 2000. For ten consecutive years until 2013, we have been awarded the Gold Award in Reader’s Digest Trusted Brands. We also achieved the May Day Model Partnership Award in 2009. In 2010, we emerged as one of the top insurers in Singapore in the Customer Satisfaction Index, which is a national barometer that tracks 104 companies from eight sectors. Since 2007, we have been conferred the People Developer Award by SPRING Singapore for our efforts in training and developing employees and in 2013, we were presented with Asia’s Employer of the Year Brand Award by the Branding Institute and the World HRD Congress. In February 2014, Prudential Singapore was awarded AA Financial Strength rating by leading credit rating agency Standard & Poor’s.
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