FWD Group is exiting its group medical insurance business in Singapore, which could affect around 80,000 members across various companies. The insurance arm of Hong Kong's investment conglomerate Pacific Century Group said it will wind down its employee benefits business in Singapore, key of which is group medical insurance, by December 2020, a company spokesman told local news outlet The Business Times. As a result, FWD Singapore will no longer sign new contracts for the business, and will no longer renew any expiring contracts, the report said, quoting a spokesperson from FWD. The s...
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