Singapore sees 1.9% drop in industry life premiums in 1H 2022

clock • 2 min read
Singapore sees 1.9% drop in industry life premiums in 1H 2022

Singapore's life insurance industry recorded a total of S$2.63 billion in weighted new business premiums for 1H 2022, a slight contraction of 1.9% as compared to a year ago, according to the Life Insurance Association, Singapore. Khor Hock Seng, president, LIA Singapore, said, "The life insurance industry has remained resilient and achieved a commendable performance amidst the increased uncertainty in the global economy due to geopolitical tensions, recurring COVID-19 waves and rising infl...

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