The National Day Rally (NDR) is a significant event in Singapore’s political calendar, where the Prime Minister outlines the government’s vision for the future and announces key policy initiatives.
In 2024, Prime Minister Lawrence Wong delivered his first rally, highlighting a range of initiatives that will further enhance the competitiveness and attractiveness of Singapore on the world stage. In this Pacific Prime CXA article, we look at the key initiatives one by one.
Highlights of NDR 2024 Singapore Related to Employee Benefits
Among these announcements, several key highlights directly relate to employee benefits, offering enhancements in parental leave, financial support for job seekers, and educational initiatives.
1. Enhanced Shared Parental...
The holiday season is a time of joy and cheer, where families and friends come together to celebrate and exchange gifts. However, with the excitement of the holidays, it is easy to overspend and end up with a mountain of credit card debt. For most people, the holiday season is a tremendous financial strain that can take months to recover. But it does not have to be this way. A financial wellness counselor can help you create a holiday budget to maintain limits on gift spending.
Assess Your Finances: Before you start shopping for holiday gifts, evaluating your finances and setting a budget is essential. Determine how...
This blog is provided for information only and is not a substitute for professional advice. We make no representations or warranties regarding the accuracy...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
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On June 17, 2021, the U.S. Supreme Court rejected a lawsuit challenging the constitutionality of the Affordable Care Act’s (ACA) individual mandate...
KatRisk, the catastrophe risk modelling software provider and the third-party risk modelling agency for the NFIP’s FloodSmart Re catastrophe bonds, has been acquired by...
Uncovering the strategic benefits of a unique approach to risk financing
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As Affordable Housing organizations face their annual insurance renewals, many have been...
Employee Burnout, defined as a syndrome resulting from chronic workplace stress, has reached unprecedented levels globally and in Singapore, unsurprisingly. The state of physical...
If you have a medical emergency, healthcare providers can’t turn you away without essential services if you don’t have medical insurance. The
Emergency Medical Treatment and Labor Act (EMTALA) requires healthcare facilities to provide essential lifesaving services to anyone...
Massive shifts have transformed workplaces and the world, including the insurance industry. From the advent of AI and digital innovations to evolving customer expectations, each era has brought challenges and opportunities within the insurance industry.
Spanning multiple generations, the CH...
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KatRisk, the catastrophe risk modelling software provider and the third-party risk modelling agency for the NFIP’s FloodSmart Re catastrophe bonds, has been acquired by...
More than $112 billion was lost to retail shrinkage in a recent year, according to the National Retail Federation (NRF). Retail loss, or “shrinkage”...
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In 2012, Scott Benefit Services formed a group health captive, the Heritage Group Health Plan, with several independently-owned Senior Living community employers representing approximately 2,500 total employees.
Senior Living industry employees have some of the highest rates of...
We’re told by sources that the price guidance range has been lowered for the second catastrophe bond to be sponsored by Prologis, Inc., the logistics, warehousing and supply-chain focused real estate owner and investor, while the target size remains...
US primary insurer Allstate is back in the catastrophe bond market and seeking $350 million or more in multi-peril catastrophe reinsurance protection from the capital markets through a Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.For Allstate,...
Starting a business is an exciting venture, but it comes with risks. From property damage to lawsuits, unforeseen circumstances can threaten the stability of your enterprise. This is where business insurance can play a crucial role. The appropriate insurance...
Last Updated on June 11, 2024 by adminFull length, written fire risk assessments, covering all aspects of fire safety, have become a legal requirement for properties offering sleeping accommodation to paying guests from the 1st October 2023. This means...
Last Updated on July 4, 2024 by adminBoshers Insurance is headed by Jason Jackson, who has worked in the insurance industry for 36 years. Jason is an avid history fan and enjoys travelling both abroad and within the UK....
Virtual home inspections, necessary during the pandemic, remain popular because of convenience.
When you buy home insurance, the amount of coverage you purchase should be the amount that it would cost to rebuild...
Last Updated on November 19, 2021 by adminBoshers has donated its £3,750 grant from Ecclesiastical Insurance to The 2 Minute Foundation. The funding will help achieve their aims to see a world without plastic litter and pollution and to...
“The boat is safer anchored at the port, but that is not the aim of boats.”― Paulo Coelho, The Pilgrimage
Did you know that you are not required to have boat insurance to operate a vessel on the water in...
Yes, eating well without breaking the bank is possible. Here’s how to do itby Virginia Anderson October 25, 2023 | Wellness
A trip to the grocery store probably feels a little different today than it did a few years...
Just as you would before any important purchase, do some research before buying insurance.
Many people research expensive purchases like homes, cars, or gadgets to make sure they get the best value for their...
You can control some aspects of your insurance costs. Your independent agent can help.
Much like the price of groceries and gasoline, insurance premiums are increasing. Especially if you haven’t had a claim, you...
Last Updated on April 6, 2022 by adminIn response to the Covid-19 pandemic, the hospitality and tourism industry have pulled together to produce protocols across all sectors, including specific Covid-19 Holiday Let Cleaning Guidance for self-catering properties. The Covid-19...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
What the Tesla Cybercab Means for the Future of Autonomous Vehicles
Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering...
The holiday season is a time of joy and cheer, where families and friends come together to celebrate and exchange gifts. However, with the excitement of the holidays, it is easy to overspend and end up with a mountain...
Does a general contractor need professional liability insurance? The short answer is yes, especially in Florida. While many contractors are covered by General Liability and Workers Compensation insurance, these do not encompass professional errors or design liabilities. This gap...
Florida workers compensation exemption renewal is crucial for many business owners seeking to manage costs, especially in a state like Florida with its specific rules and regulations. Here’s a quick breakdown for those hurriedly seeking info:Purpose: The exemption allows...
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}This week's featured customer car is a little red Corvette. This 1998 convertible Corvette is a beautiful example of America's modern muscle car. McElhinny Insurance Agency insures all types of...
What is Old National Bank?
Old National Bank, formally known as Old National Bancorp, is headquartered in Evansville, Indiana. Established in 1834 and initially...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Short-term health insurance provides temporary medical coverage if you lose your coverage due to job loss, disability, or another event. Many short-term health plans vary greatly from traditional medical plans. Short-term plans also vary depending on the carrier. Read...
Some business owners treat the benefits packages they provide as a set-it-and-forget-it system. However, what might seem like the best benefits to you might not meet the needs of your current employees or the top-performers you hope to attract....
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A recently filed lawsuit against Johnson and Johnson (J&J) alleges that the company breached its fiduciary duties under ERISA by mismanaging its prescription drug benefits plan and failing to act prudently in several areas. Prudence focuses on...
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The U.S. Department of Labor (DOL) has issued revisions to regulations that implement the paid sick leave and expanded family and medical leave provisions of the Families First Coronavirus Response Act (FFCRA). The revisions were issued in...
Is commercial property insurance required? While not legally mandated, having this coverage can be essential for businesses to protect their investments and operate smoothly. Many landlords, mortgage lenders, and business partners often require it as part of lease agreements...
Understanding Insurance Companies in FloridaWhen it comes to choosing between the insurance companies in Florida, finding the right one can be challenging. Here’s a quick overview of some top insurance companies in Florida to help you make the best...
