Income Insurance Limited

On World Environment Day, we are excited to launch our Sustainability Report 2023, which is anchored on our ambition to build resilience for all. We are proud of our strides and milestones that we have achieved in 2023, which highlight our deepened commitment to strengthen Singapore’s social compact. This is reflected across various tracks, like how we achieve real-world decarbonisation through transition financing. Most significantly, in 2023, we committed to invest S$1 billion to finance climate transition, recognising that our capital allocation in financial markets has an influence on climate-positive transition. We also set an interim 2025 goal to reduce greenhouse gas emissions of our public assets portfolio by 20% and will be engaging our top 20 carbon emitters via our external fund managers to further support our net zero 2050 ambition and enable environmental resilience. Last year, we worked with customers and partners on electric vehicles propositions that are aimed at accelerating electrification of vehicles in Singapore, and rallied people to champion a sustainable lifestyle via the Income Eco Run. In 2023, we were the first to extend guaranteed post-cancer protection to Singaporeans via Complete Cancer Care, a groundbreaking proposition as it champions life after cancer, especially when cancer patients' survival rates have been improving over the years. This is addition to other insurance innovations that help close mental health protection gap and long-term care needs as we keep in step with shifting demands of modern lifestyles and an ageing society. As part of building a thriving and resilient society, we also addressed social needs by investing S$7.9 million through our community development platform, Income OrangeAid, and tapped into the power of many by encouraging our customers to join us in supporting our community causes via OrangeAid RoundUp . The funds supported various community initiatives that champion education for underprivileged children and youths, seniors' well-being, and the environment. By embedding sustainability in our business operations, we continue to contribute to our national efforts in building a more resilient and inclusive society. Onwards and upwards! Read more about our sustainability efforts here: https://lnkd.in/eDAutpPp

Income Insurance is proud to support Team SG athletics athletes and help them shine on the international stage! 🏆   We have launched the Income Insurance Athletics Development Fund with Singapore Athletics Association (SAA) to support our homegrown athletes in the lead up to SEA Games 2029. The sponsorship of $500K over the next five years will provide enhanced support to SAA in funding overseas training and competitions.   The sponsorship, the biggest of its kind for SAA to date, will benefit the athletes in SAA’s National Development Squad who have been identified as possessing the potential to qualify for major athletics competitions, such as the SEA Games, Asian Games, and the Olympics. This includes youth and junior athletes aiming to qualify for SEA Youth or Asian age-group level competitions.   Let’s hear from some of our Team Singapore athletes! 🇸🇬   #IncomeMadeYours

What is an easy eco-friendly practice that you would recommend others to pick up?    Meet Michelle Soo, who adopts simple habits that save electricity and in her own considerate ways, help us move one step closer to achieving Net Zero 2050. Here's her simple tip.   Follow us on LinkedIn for more buzz!   #SustainabilityMadeYours

Curious about the differences between Personal Accident (PA) Plans and Integrated Shield plans, and how they can complement each other? 🌟 Our Chief Agency Officer, Chuan How Tan spoke with Kiss 92 FM this morning, alongside Eve, a mother of two, to deep dive into the benefits of PA plans and Integrated Shield plans and what coverage parents should consider to ensure their kids are adequately protected. Discover how both plans can complement each other in times of need and how it can provide you and your family comprehensive coverage, ensuring that everyone is prepared for any situation–be it getting treated for a minor accident or being warded in a hospital. Watch the full video to get insights and tips on maximising your insurance benefits: https://lnkd.in/gRZNex92 #IncomeMadeYours #ProtectionMadeYours

Income Insurance is awarded the esteemed "Champion of Good", which is the highest tier recognition at the Company of Good Awards! 🌟   The award recognises the contributions of organisations in Singapore for their commitment at the national level to corporate purpose and their impact in multiple dimensions, including people, environment, and society. The highest tier of recognition, "Champion of Good", is only awarded to exemplary organisations that influence stakeholders for amplified impact and we are honoured to be recognised as a force for good.   Through our various impactful initiatives, we support our employees, nurture trust amongst our customers, advance the net-zero ambition, and foster community resilience, all of which are detailed in our Sustainability Report 2023: https://lnkd.in/eDAutpPp Thank you to everyone who has been part of this journey. We are grateful for your trust and support, which propels us to continually strive for a more sustainable and inclusive future. 🧡     #ChampionOfGood #Sustainability #IncomeMadeYours

What is an easy eco-friendly practice that you would recommend others to pick up? Meet Christopher, our eco warrior who's always prepared to save a plastic bag (or two). Follow in his footsteps today and let's all do our part for the environment! Follow us on LinkedIn for more buzz! #SustainabilityMadeYours

Thank you for going the extra mile with us at the Income Eco Run (IER) 2024! 🏃🏻♀️🏃🏻 Close to 5,000 of you attended the IER with us earlier this year, and collectively, we raised S$60,000 to support the Singapore Environment Council (SEC) and its green initiatives! Further pushing the boundaries on waste management, we successfully reduced our waste generated by 25% compared to 2023, and recycled more than two times of what we did last year! In addition to further reducing our bib size, using plastic-free cups and bibs made out of plantable seed paper for the Kids' run, we also composted more than 60kg worth of banana peels from the event. 🙌🏻 Thank you to all our partners and participants who championed the zero-waste cause together with us! Check out the video below to understand the full impact of our collective efforts at the IER 2024. 💚 #TowardsZeroWaste #IncomeMadeYours

Every individual has a story to tell – motivations, tribulations or even aspirations. In this post, we cast the spotlight on Jaime Toh, our Customers Insights Lead.   Swipe left to learn how she conducts Customer Connects, an initiative that allows us to foster direct communication with our customers. From understanding our customers better to gathering feedback and insights that enable us to prioritise their needs at every turn, Jaime shares how she embodies our People-First ethos in her daily work.   Thank you, Jaime, for sharing your story!   Follow us on LinkedIn for more insights into what goes on at Income Insurance and special behind-the-scenes.   Interested to join a team that puts people first? Explore career opportunities with us! https://lnkd.in/f3xVkMh

We were excited to be part of NCS Group’s annual Impact forum last week which brought together leaders from the region to network and exchange ideas around Artificial Intelligence (AI) and innovative digital solutions. Our CEO, Andrew Yeo presented on our innovative digital solutions, including how we are evolving motor insurance to cater to the needs of owners of electric vehicles (EVs) in line with the nation’s push to accelerate the adoption of EVs in Singapore. At the event, we also unveiled our partnership with NCS on its transportation app, Breeze, which includes two new features to enhance the travel journeys of motorists. Firstly, Income Insurance’s motor insurance policy holders can use Breeze to access an in-app module for accident reporting and contact the Income Orange Force, our roadside accident assistance team. Secondly, we have extended our pay-by-the-hour travel insurance offering, FlexiTravel Hourly Insurance, to Breeze users through location-based recommendations when they are entering nearby countries at Singapore immigration checkpoints and ferry terminals. The partnership with NCS lays the foundation for the future use of data and AI to enhance insurance services, such as providing supplementary data for accidents using mobile device sensor analytics. As we continue to collaborate with like-minded partners who share the same vision as us in driving greater accessibility to insurance, we continue to build on our technology and data capabilities to better co-create customer-centric insurance innovations to meet modern lifestyle needs.

We are excited to share that we have committed to a five-year sponsorship to the Singapore Athletics (SA) with the launch of the Income Insurance Athletics Development Fund! The annual sponsorship of S$100K over the next five years will primarily provide enhanced support to SA in funding overseas training and competitions, aligning with preparations for the highly anticipated SEA Games in 2029 to be hosted in Singapore. The new fund will expand the opportunity for SA to groom athletic talents from a younger age across multiple disciplines, with exposure to international athletes and training facilities. This will give these medal-hopefuls an earlier head start to boost their sports performance and competitive edge. The sponsorship, the biggest of its kind for SA to date, will benefit the athletes across three disciplines (run, throw, and jumps) in SA’s National Development Squad who have been identified as possessing the potential to qualify for any of the major athletics competitions, such as the SEA Games, Asian Games, and the Olympics. We look forward to fostering athletic excellence and striving further together with our national athletes as #TeamSingapore! 🇸🇬 Read more here: https://lnkd.in/gdEfPhHG