Singapore, 2 June 2020 – Leading insurer Great Eastern is committed to providing opportunities for graduates, students and job seekers amid the economic and employment uncertainty brought about by COVID-19. This is especially relevant at a time when job seekers are finding it difficult to secure employment, with many organisations facing challenges and cutting back on its workforce.
The company will offer over 200 traineeship positions of up to 12 months to graduates from the Institute of Technical Education, Polytechnics, Universities and other private institutions. Trainees will have the opportunity to develop valuable skills and industry experience under one of three tracks - Digital and Technology Track, Business Track or Corporate and Governance Track – and be supported by structured on-the-job training, virtual coaching, and comprehensive e-learning programmes.
Internship placement opportunities for over 100 students from Institutes of Higher Learning will be available to provide insights into the insurance industry and operations and to help prepare them for the workforce, and the company will also continue its successful Corporate Management Associate Programme to provide university graduates the opportunity to accelerate their careers in a dynamic learning environment.
Additionally, the company has opened opportunities for up to 1,000 people to join its growing agency force. In June, Great Eastern will be launching a specialised programme, named The Lifeproof Academy, to offer complimentary financial planning and valuable self-improvement lessons to help people get financially savvier, and at the same time to provide support and mentorship to those interested in learning more about financial planning as a career. This will complement its existing development programmes offering comprehensive training, digital tools and structured career advancement to help potential financial representatives succeed.
Khor Hock Seng, Great Eastern’s Group Chief Executive Officer said: “We are pleased to do our part in creating meaningful opportunities for job seekers where possible. Those interested in a career in financial planning and insurance will certainly gain some valuable exposure to help make career decisions further along. Through our programmes and with the guidance of our experienced team, we hope to transfer useful professional skills and experience to kick-start their careers, so that they in turn will be able to contribute to the wider economy in the future, especially as current circumstances caused by Covid-19 could last well beyond the year.”
About Great Eastern
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$90 billion in assets and more than 8 million policyholders, including 5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei and has a presence in China as well as a representative office in Myanmar.
The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by Standard and Poor's since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the largest private sector asset management companies in Southeast Asia.
Great Eastern is a subsidiary of OCBC Bank, the longest established Singapore bank, formed in 1932. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
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