Surer and AEA(S) signs MOU to provide Employment Agencies better access to appropriate insurance plans for their customers

[Sitting L to R: K Jayaprema, President of AEA(S) | Derren Teo, Co-founder of Surer]
[Standing L to R: MX Low Moon Heng, Vice President of AEA(S) | Roziah Bte Mohd Noh, Treasurer of AEA(S) | Teo Soo Siang, Christopher, Management Committee Member of AEA(S)]

Singapore, 8 August 2023 – A Memorandum of Understanding [MOU] was signed between Surer and the Association of Employment Agencies (Singapore) [AEA(S)]. The MOU sought to affirm the partnership between both parties to enable all Employment Agencies who are members of AEA(S) to have digital access to appropriate insurance plans for their customers, thereby enhancing service quality, employer satisfaction, and worker protection within the industry.

The partnership will see both parties collaborate on the following fronts:

• Digital solution: Surer will provide AEA(S) members with access to its online platform, enabling them to obtain appropriate insurance plans for their customers
• Awareness: conduct awareness campaigns among AEA(S) members regarding digital transformation and the digital solution offered by Surer
• Education and training: organise training sessions and workshops to educate AEA(S) members on digital transformation and the usage of the digital solution offered by Surer

“Based on volume, Foreign Domestic Worker Insurance is the top product transacted on Surer today. In working with multiple Employment Agencies to drive growth, we realised the huge role these Employment Agencies play when it comes to recommending appropriate insurance plans to their customers. However, we also noticed many Employment Agencies struggling with manual processes due to a lack of suitable tech solutions for their specific needs. Having successfully assisted the digital transformation of early Employment Agency users on Surer, we are confident this partnership with AEA(S) will be an impactful one for its members and their digital transformation on this front.” said Derren Teo, Co-founder of Surer.

K Jayaprema, President of Association of Employment Agencies (Singapore) concurred; “Being the only industry association representing the Employment Agencies in Singapore, one of the core goals of AEA(S) is to enhance the professionalism among its members to be trusted service providers. Part of such service includes providing appropriate insurance plans to their customers. We believe the partnership with Surer will help AEA(S)and its members in their journey to further grow and enhance their professionalism in this domain.”

More information is available here or get in touch by filling out the form below to find out how Surer can increase your MDW insurance business!

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About Surer
Surer is a cloud-based insurtech platform with a digital ecosystem of intermediaries and insurers. It provides tech solutions to help orchestrate the network in the insurance industry enabling insurance intermediaries to close deals with greater speed and allows insurers to distribute their product with better efficiency. Launched in September 2020 in Singapore, Surer was founded by Gordon, Derren and Renfred, who have held positions in notable Singapore companies including PropertyGuru and Carousell, while also growing their careers in major insurance companies such as AIG, MSIG and QBE. Surer is an award-winning company with notable wins including the ‘Partners of FinTech’ award at the Singapore FinTech Festival Global FinTech Awards 2021. Surer is certified by the Singapore FinTech Association as an Insurtech service provider. Visit https://surer.sg/ for more information.

About Association of Employment Agencies (Singapore)
Association of Employment Agencies (Singapore) [AEA(S)], which was founded in 2002, is the only industry association representing the Employment Agencies in Singapore. AEA(S) members deploy the majority of migrant domestic workers. AEA(S) facilitates a suite of programs for Employers, Migrant Domestic Workers and Employment Agencies to provide support and address the needs of the various stakeholders. AEA(S) is the voice of the industry providing feedback and inputs to Policies by MOM, the face of the Industry to Foreign Associations, Missions, and Governments and prescribes high standards to uphold ethics and professionalism in the industry. A Mediation Centre resolving disputes, providing professionalism courses, organising business trips, MDW rest day Fun Club  and many more. Visit https://www.aeas.org.sg/ for more information.