External Views

Insurance industry working with union to train employees for digital economy

Source: https://www.straitstimes.com/business/insurance-industry-working-with-union-to-train-employees-for-digital-economy


This article was published in Straits Times 1 October 2019

A total of 23 insurance companies signed an agreement with the Singapore Insurance Employees’ Union (SIEU) on Tuesday (Oct 1) to work together on training initiatives for their staff.

  • The union foresee that in the next 3 to 5 years many jobs will be affected by digitalisation and technological advancements. Workers are to have a positive mindset and take up training opportunities.
  • Build upon their existing training plans and ensure that the design and delivery of programmes are relevant and to the best interest of workers. This is made possible through company training committees.
  • Some of the insurers involved in the new initiative include Prudential, Great Eastern and AIA.  
    The signing of the agreement at NTUC Centre was witnessed by National Trades Union Congress secretary-general Ng Chee Meng, who said in a speech that insurance products and the technology supporting them are changing rapidly, so the need for innovation is clear.

The insurance industry initiative also formalises collaborations SIEU has already started with some of the companies, such as customised workshops for older workers run by the Centre for Seniors.

SIEU said successful programmes can be scaled up for the rest of the industry.


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