Singapore life Insurance industry reports rise in 3Q new business

clock • 1 min read

The Life Insurance Association of Singapore (LIA Singapore) today announced a set of industry results for the period January to September 2020 showing steady YoY. Overall, the industry recorded a total of S$2.99bn in weighted new business premiums for YTD 3Q2020, a decline of two per cent from the same period in 2019. However, there was a notable 90.6% increase in new business premiums recorded in 3Q2020 compared to 2Q2020, the latter encompassing both ‘Circuit Breaker' and ‘Phase 1' periods. Total weighted premiums recorded in the third quarter reached $1,324.6m, a significant $629.5...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.