(August 11 12:23) Sbr.com.sg
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.
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