NTUC Income to enter into corporatisation exercise

The move will establish its legal form to a company governed by the Companies Act.

A corporatisation exercise is the next step forward for NTUC Income, according to the co-operative.

“We see corporatisation as a strategic and essential pivot for Income to scale its business quicker locally and regionally, invest in growth channels and markets, as well as digital capabilities to effectively compete more equitably with other insurers,” said Ronald Ong, Chairman, Income.

The movie will include the transfer of its existing insurance business and assets to the new company, Income Insurance Limited, whilst the co-op will be liquidated. No changes will happen to Income’s organisational structure or business operation, as the exercise will only impact its legal form.

By embarking on the corporatisation exercise, Income is demonstrating foresight to be future-ready and sustainable in an increasingly dynamic and complex insurance landscape. More significantly, it marks our commitment to further drive long-term business and customer value in Singapore and beyond, while strengthening our competitive position as a leading homegrown insurer,” added Ong.

Following this announcement, Income will be organising an Extraordinary General Meeting to seek members’ approval for the move.

Follow the link s for more news on

NTUC Income

corporatisation exercise

insurance

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia