Budget Direct Insurance reaches out to affected employees of competing insurance company


SINGAPORE, March 2, 2022 /PRNewswire/ — News that AXA Insurance Pte Ltd (AXA Singapore) is quitting its property and casualty insurance business has prompted an online insurer to urge affected employees and customers to get in touch.

The Budget Direct Insurance advertisement in the Straits Times newspaper inviting customers and employees of AXA Singapore to get in touch.

Budget Direct Insurance took the unusual step of placing an advertisement in the Straits Times newspaper with a message addressed directly to AXA Singapore employees and customers. The announcement urges staff who may be worried about their jobs to consider joining Budget Direct Insurance, which says it is actively recruiting for many positions. At the same time, it invites the customers concerned to obtain a car quote from Budget Direct, the online digital insurer.

Reports recently made headlines of concerned employees following news that AXA Singapore was exiting its automotive and commercial lines following its acquisition by HSBC. Some of AXA Singapore’s general insurance lines will enter liquidation, which will include completely halting the underwriting of new and renewal insurance policies while managing the obligations of existing policies.

Budget Direct Insurance, an award-winning car, motorbike and travel insurance company, says its business is growing and it wants to step up its recruitment drive in a bid to provide job opportunities for Singaporeans who may be in need. worry about their jobs.

Simon Birch, CEO of Budget Direct Insurance, said, “Auto insurance is a market we want to embrace. We are very focused on this area and we see huge opportunities in the B2C digital car insurance market. There are many opportunities to successfully purchase auto insurance policies. As an expansion SingaporeBorn company, we want to provide employment opportunities for Singaporeans in the Insurtech sector. Anyone concerned about their work in this area should contact us first. We are here to help you in any way we can.”

Budget Direct Insurance is asking affected customers who have a car insurance policy to get a quote at budgetdirect.com.sg/friends or call them at 6221-2111. And for AXA Singapore staff, who wish to join Budget Direct, to contact them at [email protected]

About Budget Direct Insurance

Budget Direct Insurance is an award-winning online digital insurance company. It is part of an international group that provides insurance solutions to millions of policyholders around the world. Their brands include EasyCompare in ThailandCompare the market in the UK, Budget Direct in Australiaand Telesure in South Africa.

SOURCE Budget Direct Insurance


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