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Our Brand Story

missionMission

To contribute to the development of a vibrant society and help secure a sound future for the planet, by enabling safety and peace of mind through the global insurance and financial services business.

visionVision

To create a world-leading insurance and financial services group that consistently pursues sustainable growth and enhances corporate value

Our Core Values

At MSIG, our Core Values are our guiding light, ensuring that everything we do keeps our customers’ best interests at heart.

customer focus

Customer Focus

Striving to provide security and satisfaction to our customers.

integrity

Integrity

Being sincere, kind, and fair in our dealings with people.

teamwork

Teamwork

Growing together as team by respecting one another’s individuality and opinions and sharing knowledge and ideas.

innovation

Innovation

Always improving the way we work while responding to stakeholders’ interest.

professionalism

Professionalism

Providing high-quality services by constantly enhancing our skills and proficiency.

About MSIG

MSIG Insurance (Singapore) Pte. Ltd., a subsidiary of Mitsui Sumitomo Insurance and part of the MS&AD Insurance Group, is Singapore’s leading general insurer, with a solid presence in the local market for over 100 years. We are unique as a company that has drawn upon a rich blend of best practices and expertise from the consolidation of several successful mergers, and holds an A+/Stable financial rating by Standard & Poor's.

A testament to our growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions. In 2024, MSIG was honoured with the ‘Best General Insurer for Singapore’ award by InsuranceAsia News. This prestigious recognition highlights our unwavering commitment to excellence and customer satisfaction.

As a member of the MS&AD Group which operates in more than 40 countries in Asia and Oceania, this strength has enabled us to leverage on extensive group‑wide expertise and synergies, including that of MS Amlin, the second largest Lloyd’s syndicate which was acquired by the Group in 2015 to underwrite special risks, and that of First Capital Insurance Limited of Singapore which was successfully acquired in late 2017.

We are one of the few foreign‑based general insurers who offer a wide range of insurance solutions across personal and commercial lines. This is made possible because of our well‑established distribution networks and partnerships with global brokers, agencies, financial institutions, motor franchise as well as local and Japanese corporate clients.

Leadership profiles

SGX Building

Located in Singapore, MSIG Asia Pte Ltd (“MSIG Asia”) is a wholly owned subsidiary of Mitsui Sumitomo Insurance Company, Limited, and a member of the MS&AD Insurance Group, Inc. Combining global and local best practices, the core subsidiaries and affiliates of MSIG across ASEAN, Hong Kong, Australia and New Zealand, have been providing general insurance solutions for more than 100 years. A leading insurance brand in Asia, MSIG leverages on multi-channel distribution and strong intermediary partnerships to offer insurance solutions across personal and commercial lines.

MSIG Asia

MS&AD Insurance Group, Inc. (“MS&AD Insurance Group”) was formed in April 2010 from the business integration of Mitsui Sumitomo Insurance Group Holdings, Inc., Aioi Insurance Co., Ltd., and Nissay Dowa General Insurance Co., Ltd. It is amongst the world’s top non-life insurance groups based on gross revenue, with A+ Stable credit rating and presence in 50 countries and regions globally. MS&AD Insurance Group is committed to achieving sustainable growth and to enhancing enterprise value, driven by five business domains: domestic (Japanese) non-life insurance, domestic (Japanese) life insurance, overseas business, financial services business and risk-related business.

MS&AD Insurance Group

MSIG Insurance is a subsidiary of Mitsui Sumitomo Insurance and a member of the MS&AD Insurance Group.

In June 2004, MS&AD Insurance Group signed the UN Global Compact and voiced support for the Universal Declaration of Human Rights.

To demonstrate our Group’s commitment, approaches have been adopted in line with the ILO Core Labor Standards and the OECD Guidelines for Multinational Enterprises. An initiative that has resulted from that is the MS&AD Insurance Group Basic Policy on Human Rights, announced in February 2017. 

Subsequently, at MSIG Singapore, we also developed our local Human Rights Policy. The policy reflects how we continually strive towards the highest ethical standard when it comes to respecting human rights throughout the organisation’s value chains. 

MSIG Singapore’s Human Rights Policy

We believe that all individuals should be treated with dignity and respect. We respect basic human rights in all business activities, and not discriminate regardless of race, nationality, gender, age, ethnic origin, descent (family origin), social status, creed, religion, physical characteristics, disability, sexual orientation, gender identity or pregnancy.

We are guided by the provisions of the standards in the UN International Bill of Human Rights (which consists of the Universal Declaration of Human Rights), the corporate code of conduct in the UN Global Compact, and the principles concerning fundamental rights set out in the ILO Declaration on Fundamental Principles and Rights at Work, in the manner that they operate. 

We support the UN Declaration of Human Rights articles, including the following principles:

  1. Right to be treated with dignity
  2. Right to be free from discrimination
  3. Right to security 
  4. Right to fair trial and hearings 
  5. Right to protection of own privacy
  6. Right to be protected from attacks or degrading treatment
  7. Right to just and favourable work conditions and remuneration
  8. Right to rest and leisure 
  9. Right to protection of copyright
  10. Right to freedom of opinion and expression 

We have put in place a robust system to monitor the design and implementation of internal policies to ensure they comply with our Group’s human rights commitment. This includes assessment and prevention of any actual and potential human rights risks; remediation if human rights have been found to be adversely impacted; and education and training of employees to raise awareness.

As a socially responsible employer, it is our obligation to create an open and harmonious culture where the fundamental rights of each employee are protected. The promotion of a bias-free, positive working environment is a commitment that we will undertake.

We will also advocate for the same level of commitment from our business partners and suppliers where we can exercise influence.

If you have any enquiries or concerns on MSIG Singapore’s Human Rights Policy and practices, please contact us.

Human Rights enquiries

Trusted and reliable

Standard & Poor's Ratings
Rated
A+/Stable by S&P
No.1
for Cargo Insurance*
No.2
for Employer's Liability Insurance*
No.2
for Personal
Accident Insurance*

* Based on 2023 Gross Written Premiums, General Insurance Association
  Statistics for the Singapore Insurance Fund (SIF). 

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If you have any enquiries or concerns on our Human Rights policy or practices, please fill up this form and our team will get back to you as soon as we can.

Please provide the following details. (*) required information.

Are you enquiring about product, policy or claims?

Our history

history

Mitsui Sumitomo Insurance Company, Limited was formed in 2001 through a merger between Mitsui Marine & Fire Insurance Co., Ltd. and Sumitomo Marine & Fire Insurance Co., Ltd. Formed in 1918 and 1893 respectively, Mitsui Marine and Sumitomo Marine were both leading non-life insurance companies.

Their origins go back even further with “Mitsui” and “Sumitomo” established more than 300 years ago and still operating as business management groups with major influence in Japan and the rest of the world.

An enduring philosophy

Mitsui and Sumitomo achieved sustainable development over the long term by responsibly fulfilling their obligations to care for society and the environment, thus earning the trust of their many and varied stakeholders, including customers, employees and communities. This is the philosophy that still guides Mitsui Sumitomo Insurance today.

1

“Echigo-ya” Drapery Store in the Edo Era
©公益財団法人三井文庫

2

Takatoshi Mitsui
©公益財団法人三井文庫

3

Echigoya - The name “Echigoya” was publicised by means of “flyers” and branded loan umbrellas.
©公益財団法人三井文庫

The Mitsui conglomerate began as a shop dealing in kimono fabrics called “Echigoya”. It was opened in 1673 by Takatoshi Mitsui, a merchant in Edo (now Tokyo).

With the aim of accommodating its customers’ needs, Echigoya introduced many innovative business practices. These included adopting over-the-countersales and the cash-and-carry system which were unheard of in Japan at the time. Furthermore, Mitsui used flyers and umbrellas printed with the shop’s name to publicise his business.

Mitsui also focused on customer-centric business management and brand strategy, and sought to boost employee motivation and satisfaction through personality-oriented performance evaluations. These pioneering approaches laid the foundation for Mitsui’s subsequent success and prosperity.

4

“Echigo-ya” Drapery Store in the Edo Era
©公益財団法人三井文庫

5

“Echigo-ya” Drapery Store in the Edo Era
©公益財団法人三井文庫

6

“Echigo-ya” Drapery Store in the Edo Era
©公益財団法人三井文庫

The history of Sumitomo began in the 17th century when Masatomo Sumitomo opened a book and medicine shop in Kyoto. Sumitomo gradually diversified into copper mining and trading, banking and heavy industry.

In 1690, Sumitomo discovered the Besshi Copper Mine in Ehime Prefecture which turned out to be one of the largest copper mines in the world. This major discovery contributed significantly to Japan’s economic development. However, the mining operations also impacted the environment. To help reduce this, Sumitomo planted more than one million trees and even relocated the copper refinery to an uninhabited island.

Sumitomo’s approach of contributing to the development of national and regional economies while also addressing environmental issues sowed the seeds for our corporate social responsibility initiatives of today.

Our Promise

At MSIG, you are at the heart of all we do. That is why we go above and beyond to deliver excellent service to you. 

Fast and fair claims

  • Our emergency hotlines are open 24/7 so you can reach out to us whenever you need assistance.
  • Our claims process is simple so that you don’t have to spend any extra time and effort to make a claim.
  • We make good on our promise to help recover loss and set things right by working hand‑in‑hand with you for a fair claim resolution.

Feedback Process

Let us know what we have done well and how we can serve you better. We have a sound feedback management process in place. You can be assured that all your feedback will be treated with the greatest confidentiality and handled fairly and promptly:

  • We will acknowledge your feedback within 1 working day.
  • We will provide our first reply to you within 3 working days and, where possible, our final reply within 7 working days from the date we receive your feedback.
  • If we need a longer time to look into your feedback, we will let you know and provide you with an interim update every 5 working days.

Our feedback management process includes:

  • A service quality team dedicated to investigating all feedback.
  • Senior management review of all customer feedback to ensure proper handling.
  • Improvement actions which we will put in place to continually enhance our service.

If the outcome of your complaint is not handled to your satisfaction, you may email our Chief Executive Officer at feedback@sg.msig-asia.com. We will look into your appeal and respond within 7 working days.

If the outcome is still not to your satisfaction, you may wish to approach the Financial Industry Disputes Resolution Centre (FIDReC), an independent body set up to help with dispute resolution between consumers and financial institutions.

Get in touch with us:

Our commitment

Corporate Social Responsibility Initiatives

We support a number of social initiatives and give back in areas that impact our stakeholders.

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