SINGAPORE - Media OutReach - 6 October 2017 - Chubb announced today its partnership with StarHub, an integrated info-communications company in Singapore, to launch a new product -- HomeInsuredTM . The latter isa complimentary 12-month insurance plan which provides coverage for renovations, fixtures, fittings and home contents for StarHub customers.
According to the Singapore Civil Defence Force's Fire Incident Statistics for 2016, there are seven cases of residential fires in Singapore each day. In addition, a joint survey with StarHub also revealed that 6 in 10 customers do not have any home contents insurance. "This means that should an unfortunate event or fire occur in the home, some StarHub subscribers may not be adequately protected or financially covered." said Mr. Adam Clifford, Country President for Chubb in Singapore.
Mr. Clifford added, "At Chubb, we continually strive to provide relevant protection for our customers. Given the lack of awareness in home contents insurance in Singapore, we are very excited at the opportunity to partner with StarHub to offer their customers complimentary home contents insurance when they sign up for or re-contract any StarHub Home Broadband, TV and/or HomeHub service. Unlike fire insurance which normally only covers structure and permanent fixtures, with our HomeInsured starter pack, we hope that every StarHub household can enjoy StarHub's services with peace of mind by being Chubb insured."
Mr. Howie Lau, Chief Marketing Officer of StarHub said "We are constantly challenging ourselves to find ways to better serve our customers and exceed their expectations. Chubb is a trusted name in insurance and we are excited to partner with them to give customers a complete home offering unlike anything else in the market today. With HomeInsured, customers can enjoy our Home Broadband, TV and HomeHub services to the fullest, with the knowledge that their home and valuables are protected."
About Chubb in Singapore
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.
Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides risk management and underwriting expertise for all major classes of general insurance, including Property & Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance. As one of the leading providers of Accident & Health insurance through direct marketing, the company partners with financial institutions and other companies to tailor individual policies for their clients and employees. In addition, it offers a suite of customised Personal & Specialty insurance solutions to meet the needs of consumers.
Over the years, Chubb in Singapore has established strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength. The company has been assigned a financial strength rating of AA-/Stable and the highest ASEAN credit rating of axAAA by Standard & Poor's. It has also been awarded the Singapore Quality Class STAR (SQC STAR) and Singapore Service Class (S-Class) certification for achieving all-round business excellence and high levels of service respectively by SPRING Singapore, the national standards and accreditation body.
More information can be found at www.chubb.com/sg