Singapore’s life insurance industry grows 3%
Life Insurance Association (LIA) of Singapore | February 13, 2019
Singapore’s life insurance industry recorded SG$4.2 billion in weighted new business premiums in 2018, up 3% from the previous year, according to data from the Life Insurance Association (LIA) of Singapore. The growth has been attributed mainly to the continued uptake and stable performance of annual premium policies, which accounted for total weighted annual premiums of SG$2.78 billion for 2018. This reflects a 6% increase from 2017, the LIA said in a media release.