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Life insurance - 2024 wrapped

It’s a wrap!

Farewell, 2024. Look back at this momentous year as we look forward to greater times to come

29 Nov 2024
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It’s a wrap!

2024 has been a huge year, one packed with global ripples and local waves. Despite rising tensions around the globe, the world continues to find new reasons to celebrate the best in each other.

Travel remains a great connector of people and cultures, thanks to technologies that make travel hubs more frictionless than ever. Despite a spike in concerns about flight safety, many travellers are still hungry to satisfy their wanderlust in 2025.

1. Passport-less clearance took off at Changi

Launched at Changi Airport, this immigration clearance system marks a significant step toward frictionless travel thanks to biometrics, facescanning, and automated systems1.

Passport-less clearance took off at Changi

2. Despite high safety records, flight disruptions persist
A spike in aviation incidents, from severe turbulence to engine faults, sparked concerns among fliers2.

Tip:
Planning to fly for the holidays? Protect yourself from unexpected hiccups, delays or flight cancellations with TravelSmart Premier!

Related article:

Despite high safety records, flight disruptions persist

From gravity-defying feats at Paris Olympics to the electrifying excitement of F1 races back home, the spectacle of sports and entertainment brought millions around the world to their feet.

Paris 2024 Olympics enraptured the global audience

3. Paris 2024 Olympics enraptured the global audience

The event reached approximately 300 million people around the world digitally, the highest of any Olympic games. Paris 2024 also made history as the first Olympic games to achieve full gender parity3.

Tip:
Whether you’re heading to a sports event or participating in adventurous sports activities yourself, get the assurance you need to live fearlessly with GREAT Protector Active.

Cuddly creatures sparked viral craze

4. Cuddly creatures sparked viral craze'

From the booming popularity of Thailand zoo’s baby hippo Moo Deng4 to the local craze for Labubu dolls5, light-hearted content and adorable characters dominate the world’s affection.

Tip:
Have valuable collectibles sitting on your shelf? Protect them from the risk of fire or break-ins! GREAT Home Protect lets you insure your home and all the precious contents within.

Related article:

From climate change to healthcare concerns, 2024 also presented warning signs and an opportunity to plan ahead.

As the impact of climate change wreaked havoc across Asia and beyond, people around the world are looking out for ways to protect their home and health. Recognising the rising tide of climate change, more countries ramped up initiatives to bring about a greener world.

Extreme rainfall sparked concern in Singapore

5. Extreme rainfall sparked concern in Singapore
2024 experienced the wettest November on record, being 47.4 percent higher than average November rainfall and triggering flash floods6. The wet month joins an increasing trend of extreme weather patterns that have caused transport disruptions, damaged vehicles and sparking calls for improved drainage infrastructure7.

Tip:
As the frequency of adverse weather events in Singapore increases, your personal vehicle might be at risk from floods, heavy wind, or fallen trees. Give yourself the means to protect your car with Drive and Safe Plus.

Related article:

Rising heat posed health risk for outdoor workers

6. Rising heat posed health risk for outdoor workers
An extreme heat epidemic, capable of reaching 50°C, put the well-being of outdoor workers around the world at risk8.

Tip:
If your job or lifestyle involves spending a lot of time outdoors, be sure to protect yourself with GREAT Protector Active.

Related articles:

Electric vehicle infrastructure powered up

7. Electric vehicle infrastructure powered up
The government ramps up the installation of electric vehicle charging points across the island, encouraging EV adoption9. In total, there are around 15,300 EV charging points islandwide10.

Tip:
Protect your electric vehicle with GREAT EV Protect.

Related article:

Healthcare poses another urgent concern as the world adapts to post-pandemic realities, including a surge in communicable infectious diseases, ranging from common illnesses to serious conditions requiring hospital care.

8. Communicable diseases made post-pandemic comeback
At least 13 diseases made a comeback surge after the pandemic, fuelled by growing resistance to antibiotics and a drop in population-wide immunity. The diseases range from the common cold to acute conditions such as pneumonia or tuberculosis. For children, the elderly, and patients with compromised immunity, contracting these diseases may require hospitalisation11.

Tip:
Be financially prepared to afford quality care when you fall ill with GREAT SupremeHealth.

Communicable diseases made post-pandemic comeback
Nutrigrade labels rolled out for salt, sauces, and seasonings

9. Nutrigrade labels rolled out for salt, sauces, and seasonings
9 out of 10 Singaporeans exceed the recommended intake of sodium, consuming nearly twice the daily limit of 2,000 mg (approximately one teaspoon)12. Aimed to curb the consumption of salt and saturated fats, the labels make it easier for Singaporeans to opt for healthier choices while grocery shopping13.

Tip:
Obtain coverage against critical illnesses with GREAT Critical Cover.

Related articles:

Adopting next-gen technology in healthcare spaces

10. Adopting next-gen technology in healthcare spaces
The Ministry of Health injected S$200 million funding to help public healthcare institutions spearhead the use of artificial intelligence tools and genomic data for preventive care. Plans are underway to scale up the potential of generative AI tools to automate routine tasks, speed up screenings, and make earlier detection of critical illnesses possible15.

Tip:
Thinking ahead helps you to stay ahead. To prepare for your family's future healthcare needs, consider the Dependants' Protection Scheme (DPS), a policy that covers death, terminal illness, and total permanent disability through your CPF. Boost your coverage with GoGreat Term Life, an exclusive plan to DPS policy holders.

Will the year to come present new answers to the challenges of today? Are you well equipped to adapt to the big changes that lie ahead? As we welcome

2025, the need to be financially prepared for life’s unexpected challenges will take on a greater urgency. Are you ready for it?

 

Sources:

  1. https://nowboarding.changiairport.com/discover-changi/passport-less-immigration-clearance-in-changi-airport.html
  2. https://www.nytimes.com/2024/06/19/business/airplane-safety-flight-problems.html
  3. https://olympics.com/ioc/news/paris-2024-record-breaking-olympic-games-on-and-off-the-field
  4. https://www.straitstimes.com/asia/se-asia/adorable-baby-hippo-moo-deng-to-get-her-own-line-of-products
  5. https://www.asiaone.com/lifestyle/its-labubus-world-and-were-living-it-whats-pop-mart-figure-and-why-everyone-obsessed-it
  6. https://www.straitstimes.com/singapore/environment/wettest-november-on-record-whats-behind-the-rainy-weather-in-singapore
  7. https://www.straitstimes.com/singapore/singapore-in-2100-no-escape-from-scorching-heat-dry-spells-and-rising-seas
  8. https://www.straitstimes.com/singapore/can-outdoor-workers-in-singapore-beat-the-heat
  9. https://www.lta.gov.sg/content/ltagov/en/newsroom/2024/8/news-releases/expanding_Singapore_ev_charging_infra.html
  10. https://www.straitstimes.com/singapore/transport/more-than-15300-ev-charging-points-installed-islandwide-target-of-60000-by-2030
  11. https://www.bloomberg.com/news/features/2024-06-14/why-is-everyone-getting-sick-behind-the-global-rise-in-rsv-flu-measles
  12. https://www.healthhub.sg/programmes/nutrition-hub/eat-less
  13. https://www.channelnewsasia.com/singapore/nutrigrade-label-salt-sauces-sodium-saturated-fat-4560471
  14. https://www.straitstimes.com/singapore/health/public-healthcare-institutions-will-receive-200m-boost-to-use-ai-genomics-data-for-preventive-care

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