{"id":1793,"date":"2025-06-09T10:53:45","date_gmt":"2025-06-09T02:53:45","guid":{"rendered":"https:\/\/bschool.nus.edu.sg\/cip\/?p=1793"},"modified":"2025-06-09T10:53:46","modified_gmt":"2025-06-09T02:53:46","slug":"broken-allianz-with-income-part-2","status":"publish","type":"post","link":"https:\/\/bschool.nus.edu.sg\/cip\/articles\/broken-allianz-with-income-part-2\/","title":{"rendered":"Broken Allianz with Income: Part 2"},"content":{"rendered":"\n

Part 2: The Allianz Offer and its Aftermath<\/p>\n\n\n

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This is part 2 of the analysis of Income Insurance. It focuses on events and issues following the offer by Allianz, which was eventually withdrawn.<\/p>\n

The two-part analysis is critical of the corporate governance and transparency of Income Insurance. Allianz is blameless as it is entitled and required to act in the interests of its shareholders and stakeholders, whilst complying with the rules. There is no evidence that it acted inappropriately.<\/p>\n

I also want to emphasise the following in my final thoughts:<\/p>\n

“The Income Insurance saga also raises broader issues such as the continuing relevance of social enterprises in areas such as insurance; the governance of social enterprises and co-operatives; different legal structures for social enterprises; corporate governance and transparency of entities that are unlisted but that play critical roles; and much more.<\/p>\n

I hope we learn lessons from this episode and that Income Insurance and other entities in the NTUC group will take the opportunity to re-assess and improve their corporate governance and transparency.”<\/p>\n

Income Allianz Part 2_final<\/a><\/p>\n <\/div>\n <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"

Part 2: The Allianz Offer and its Aftermath<\/p>\n","protected":false},"author":562,"featured_media":1800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"yoast_head":"\nBroken Allianz with Income: Part 2 - Centre for Investor Protection<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bschool.nus.edu.sg\/cip\/articles\/broken-allianz-with-income-part-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broken Allianz with Income: Part 2 - Centre for Investor Protection\" \/>\n<meta property=\"og:description\" content=\"Part 2: The Allianz Offer and its Aftermath\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bschool.nus.edu.sg\/cip\/articles\/broken-allianz-with-income-part-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Centre for Investor Protection\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-09T02:53:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-09T02:53:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bschool.nus.edu.sg\/cip\/wp-content\/uploads\/sites\/144\/2025\/06\/Income-Insurance-part-2-image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1444\" \/>\n\t<meta property=\"og:image:height\" content=\"1030\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yuen Teen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yuen Teen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bschool.nus.edu.sg\/cip\/articles\/broken-allianz-with-income-part-2\/\",\"url\":\"https:\/\/bschool.nus.edu.sg\/cip\/articles\/broken-allianz-with-income-part-2\/\",\"name\":\"Broken Allianz with Income: Part 2 - 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