Etiqa Won Excellence In HR Innovation Award Amid Digital Transformation Efforts In FinTech Industry

November 22, 2018 - 04:30
Etiqa Won Excellence In HR Innovation Award Amid Digital Transformation Efforts In FinTech Industry

SINGAPORE - MediaOutReach - 22 November 2018 - Knownfor its mission to humanise insurance, Etiqa Insurance Singapore has won the'Excellence in HR Innovation Award' at the HR Excellence Awards 2018 amid itsrapid progress against the growing adoption of FinTech in Singapore.

 

Also a finalist for 'Excellence in Recruitment'at the same event, the innovative digital insurer was awarded 'Excellence in HRInnovation' for initiating a Straight-Through-Process (STP) for onboarding andrecruitment functions as well as Robotics Process Automation (RPA) to supporthigh volume recurring processes.

 

"For an insurer that endeavours to place peopleover policies, it is important to form a dynamic team with the right people toresonate with our mission", said Collin Sta Maria, Head of Human Capital ofEtiqa Insurance Singapore. He continued, "With a vibrant onboarding process, weare able to build a strong foundation for intangible elements that help tobuild a positive work culture, allowing us to attract, engage and retain toptalents."

 

It is understood that technology-basedsolutions are essential elements that Etiqa values, and one of the keystrategies of the company is to embrace digital transformation to better serveemployees and stakeholders in this age of digital disruption.

 

In the recent Singapore FinTech Festival 2018,Group Chief Executive Officer of Etiqa Insurance & Takaful, KamaludinAhmad, shared his experience on building the human capital function within theEtiqa group and the importance of keeping abreast of key technologicaldevelopments within the industry. This focus has translated to Etiqa Insurance& Takaful clinching a number of firsts in the industry, such as the firstto launch online insurance savings plan in Singapore, and among the first toleverage on data analytics and robotics in insurance.

 

This year alone, Etiqa Insurance Singapore hasalso won several awards for its digital transformation efforts such as the'Most Innovative Finance Firm -- Singapore 2018' award in the World FinanceMarkets, and also emerged as the Bronze winner for Claims Management at theEfma-Accenture Innovation in Insurance Awards 2018.

 

Etiqa Insurance-- A Singapore Insurance Company with Asian and International Expertise

Etiqa Insurance Pte. Ltd. isa licensed life and general insurance company registered in the Republic ofSingapore and regulated by the Monetary Authority of Singapore (MAS). In July 2017, Fitch affirmed the company's "A-" rating for itsfinancial strength and stable outlook.  

 

Etiqa has been protecting Singaporeans since 1961 witha range of general insurance solutions that constantly evolve to meet theirever-changing needs. As the appointed insurer for the Housing Development Board(HDB) Fire Insurance Scheme in Singapore, we have been protecting homes since2009. In August 2014, we added a comprehensive suite of life insurancesolutions to our stable of products.

 

Etiqa is owned by MaybankAgeas Holdings Berhad, a joint venture company that combines local marketknowledge with international insurance expertise. The company is 69% owned byMaybank, one of Asia's leading banking groups with more than 22 millioncustomers worldwide in 20 countries; and 31% by Ageas, an internationalinsurance group with 33 million customers across 16 countries and a heritagethat spans over 180 years, with a focus to provide world class insurancesolutions to consumers in Europe and Asia through market leading jointventures.

 

At Etiqa, we believe in our brand promise ofhumanising insurance, by placing people over policies in everything we do. Weare passionate about helping Singaporeans protect themselves and their lovedones today and helping them plan for a financially secure tomorrow.


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