Singapore's life insurance sales sink 13% in H1

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No Movement restrictions led to a 25% drop in annual premium business. Singapore’s life insurance industry posted a 13% decline in weighted new business premiums for H1 2020 to $1.66b, according to data published by the Life Insurance Association (LIA). Strict social distancing measures brought about by the Circuit Breaker and Phase 1 periods led to the 25% drop in annual premium business to $1.04b from $1.4b a year earlier. read more