Small and Medium Enterprises (SMEs) are key to Singapore’s economy. They contribute more than 50 per cent of economic output and 70 per cent of employment. Business risks faced by SMEs range from debt collection to business continuity, from financing to asset protection.
Small and Medium Enterprises (SMEs) are key to Singapore’s economy. They contribute more than 50 per cent of economic output and 70 per cent of employment. Business risks faced by SMEs range from debt collection to business continuity, from financing to asset protection.
In this Workshop, using practical case studies and exercise, a veteran financial consultant will share on how financial consultants or relationship managers can help their corporate clients use life insurance to mitigate some of these risks.
Questions such as these will be addressed: What happens to the business when the business owner retires, dies or becomes totally and permanently disabled? What happens when key employees leave the business due to resignation or trigger events such as death or contracts a critical illness or becomes disabled?
How can business owners seek ways to retain their key employees? What happens when business owners due to trigger events like death or disability, are unable to discharge their loan obligations? How does the business owner protect himself against the risk of losing a major debtor due to similar trigger events??
The Institute of Banking and Finance Singapore (IBF) was established in 1974 as a not-for-profit industry association to foster and develop the professional competencies of the financial industry.
IBF represents the interests of close to 200 member financial institutions including banks, insurance companies, securities brokerages and asset management firms. In partnership with the financial industry, government agencies, training providers and the trade unions, IBF is committed to equip practitioners with capabilities to support the growth of Singapore’s financial industry.
IBF is the national accreditation and certification agency for financial industry competency in Singapore under the Skills Framework for Financial Services, which were developed in partnership with the industry. Individuals who complete the IBF-accredited skills training programmes and meet the relevant criteria may apply for IBF Certification.
IBF also administers regulatory examinations on behalf of the Monetary Authority of Singapore, as well as industry examinations such as the Client Advisors Competency Standards and Financial Markets Regulatory and Practices Certificate Programme.
Since 2018, IBF is the appointed programme manager for the administration of career conversion programmes for the financial industry supported by Workforce Singapore. As programme manager, IBF will partner financial institutions to re-skill employees for expanded roles and opportunities in growth areas.
IBF also provides personalised career advisory to Singapore Citizens and Singapore Permanent Residents exploring a new role in, or career switch into the financial industry, under IBF Careers Connect. Since mid-October 2020, IBF has been appointed by the National Jobs Council as the Jobs Development Partner for the financial industry.
This 4-day masterclass will be delivered face to face TO YOU and will provide you with a complete guide to setting up, planning and executing a successful Bancassurance department and strategy.
Through a combination of case studies, discussions, collaborative learning and mini lectures, this Masterclass facilitates the understanding of exit planning with insurance products as the funding vehicle for small business owners.
The overall goal of this five-day certificate program is to give participants with limited exposure to insurance company financial statements and markets a systematic approach to analyze the credit risk and financial strength of life, non-life and reinsurance companies.
This 3-day programme primarily aims to provide an opportunity for those involved in reinsurance to learn, confirm, clarify and expand their reinsurance knowledge.
Commodities have had a rough ride in the last few years. This coupled with the need to improve returns on risk-weighted assets and capital deployed for banks has resulted in some banks reducing their exposures to this sector, and concentrating only on the top end of the risk pyramid.
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