Insurance Agency Singapore | Commercial Insurance and Personal Insurance

  • Products
    • Commercial Insurance
      • Work Injury Compensation
      • Public Liability
      • Foreign Worker Medical
      • Foreign Worker Bond
      • Fire/Burglary Insurance
    • Personal Insurance
      • Motor Insurance
      • Travel Insurance
      • Home Insurance
      • Personal Accident
      • Domestic Maid Insurance
  • Support
  • Contact Us
  • Blog
  • About Us

Behind the scenes of Credence Insurance Agency

4 January 2015 By Alex Tan Leave a Comment

Having started as an individual agent in the general insurance trade (Sorry, we do not deal with life insurance products.), my clientele at that moment comes from my circle of friends, or through referrals. I was once asked by a client if I was working under any insurance company because technically I don’t work under insurer. I told him I was just an individual agent (which sounded like a freelancer to him). Instead, he advised me by quoting a Chinese saying “跑了和尚,跑不了庙”, which simply means (in layman terms) the temple is there to stay and operate even if the monk decides to leave. He explained that if I work as an individual agent, clients may be worried that there might come a day when the agent disappears from the scene and is unable to service his clients’ insurance needs.  In other words, without a company presence, they do not know if they can trust a sole agent. Without further ado, I understood what he meant and hence Credence Insurance Agency was set up.

I was referred to join China Taiping Insurance as an insurance partner. China Taiping Insurance has a long history that dated back to 1938. Formerly known as China Insurance Co. ltd, ever since the company merged with The Tai Ping Insurance Co. Ltd in 2002, the insurance company decided to consolidate their operations and named themselves China Taiping Insurance Co. ltd in 2009. I was told China Taiping are particularly strong in their commercial business insurance, namely work injury compensation, foreign worker medical, public liability etc. While different insurer has different risk appetite, not every insurer is interested to insure in areas where they are not familiar with. However China Taiping has the typical culture of how Chinese businessman do business, which they are open for negotiation in seemingly complicated deals. This is one aspect which I admire most as it is crucial for insurer to insure clients in all kinds of risks. Well, if there is no risk in this world, why would anybody want to buy insurance products? The support from them is tremendous and it allows me to help clients in complex and difficult situation where insurance protection is required. Therefore, I am proud to have China Taiping Insurance as my principal insurer. While every agency/agent is able to represent three different insurers, I am also glad to have joined Tokio Marine, where they are ranked Top 10 in the general insurance trade. Tokio Marine’s products are priced very competitively which also allow us to have a competitive advantage to offer clients with affordable premium. I have yet to select a third insurer as my partner, but will definitely be looking for one which can compliment the other two.

With such strong support, I will be able to meet my clients with confidence and look forward to a bright future with Credence Insurance Agency.

Share this:

  • Facebook
  • Twitter
  • LinkedIn

Filed Under: Happenings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

  • Domestic Maids
  • Golf
  • Happenings
  • Health
  • Homepage
  • Industry
  • Interesting Stuff
  • Products
  • Tips
  • Uncategorized

Contact Us

  • 1 Soon Lee Street #02-43, Pioneer Center, Singapore 627605
  • Tel: 68978226
  • Fax 68978086
  • Business Hours:
  • Mon – Fri: 8am – 6pm

Our Location

At the west side of Singapore, our office sits on the second floor of the building.

1 Soon Lee Street
#02-43, Pioneer Center
Singapore 627605

Our Products

  • Fire/Burglary Insurance
  • Foreign Worker Bond
  • Foreign Worker Medical
  • Public Liability
  • Work Injury Compensation
  • Domestic Maid Insurance
  • Home Insurance
  • Motor Insurance
  • Personal Accident
  • Travel Insurance

Find Out More

We would love to hear your insurance needs. Tell us all about it by filling up our contact form.

If not, give us a call at +65 6897 8226
or email us at enquiry@credence.agency

Copyright © 2023 | Credence Agency