Tokio Marine Life Insurance Singapore partners SP Group
Tokio Marine (Asia) Life Insurance Singapore is announcing an exclusive partnership with SP Group , a provider of sustainable energy solutions in Singapore and the region. As part of the partnership, the insurer is weaving in home contents protection (underwritten by the general insurance arm of Tokio Marine in Singapore) into Singapore’s first centralized cooling system program at public housing estate Tengah, which is powered by SP Group.
The new cooling system replaces traditional window air conditioners and it can reduce energy usage by 30% according to the company.
TMLS and SP will continue to work jointly on a series of engagement activities to drive awareness and adoption in areas related to sustainability, encouraging the residents to pursue a green lifestyle. The companies plan to introduce initiatives related to electric vehicles.
“We look forward to working with SP Group to support the lifestyles of residents and businesses in the Tengah precinct. As an insurance provider that focuses on bringing value to our customers, we believe that this partnership will allow us to deliver on our commitments to be a Good Company and contribute to the society on a larger scale.” – Noboru Yamagata, CEO of Tokio Marine Asia.
“As a lifestyle-centric insurance provider with a strong local presence, TMLS is delighted to embark on this exclusive collaboration with SP Group. Anchored on the defining pillars of Lifestyle, Mobility and Wellness, we will draw upon our extensive experience in life and general insurance within the Tokio Marine Group to provide Tengah residents and business owners with the peace of mind they seek. Sustainability is a core value we uphold at TMLS and we take pride in creating innovative financial solutions that cater to the future challenges of urban living. With a forward-thinking strategy and people-centric approach, we will endeavor to bring the benefits of eco living and good financial planning closer to the residents and businesses of the Tengah precinct, making it easier for more to embrace a sustainable lifestyle.” – Christopher Teo, CEO, Tokio Marine Life Insurance Singapore
