Income Insurance Faces Challenges in Competitive Landscape, According to NTUC Enterprise
Tuesday, 30 July 2024, 09:00
Income Insurance's Current Challenges
Income has struggled recently as it loses contracts to global and regional players.
NTUC Enterprise's Concerns
As the majority shareholder, NTUC Enterprise stresses that the existing social model is inadequate for tackling the increasing competition.
- Need for strategic innovation
- Enhancing competitive positioning
- Regaining lost contracts
Conclusion
For Income Insurance to thrive in this competitive environment, it must rethink its operations and strategies to better align with market demands.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.