NTUC Income 'most ready' for digital transformation against the likes of Prudential and AIG

The report benchmarked the insurers based on three categories of online, social and innovation.

NTUC Income ranks the highest in Singapore when it comes to being future proof for digital transformation, when compared to other insurance companies, according to a new report.

The local insurer beat out the likes of insurance giants like Prudential, AXA, AIG and Liberty Insurance for its innovation initiatives, innovation drive and digitalisation.

The report benchmarked the insurers based on three categories of online, social and innovation. It found NTUC Income ranked on the first page of Google Singapore's non-personalised search results in seven out of seven categories of Travel, Personal Accident, Health, Home, Motor, Maid, and Life.

Titled ‘Applied Innovation Institute Singapore Insurance Innovation and Digital Benchmark’, the report is the first to be jointly released by The Applied Innovation Institute and venture capital firm, Quest Ventures.

“In a world where disruption is the only constant, we believe that it is even more important for corporations to understand the incredible challenges that lie in their strategy roadmaps. Singapore is a key hub for innovation in the region,” Professor Paris de l’Etraz, chairman of the board at the Applied Innovation Institute.

“The Applied Innovation Institute looks forward to being a key partner for leading corporations in Singapore and help foster innovation and disruption in the region.”

You can download the rest of the report here.

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