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Singapore life insurers raise premium income despite the pandemic

The total premium income on new contracts of Singapore life insurers in the fourth quarter of 2020 increased 3% year-on-year to over $3.3 billion.
Singapore life insurers raise premium income despite the pandemic

The Internet resource UkrStrakhovanie learned from the report by the Insurance Association of Singapore that positive dynamics has been observed during the 2nd HY after the first consequences of the Covid-19 pandemic.

The main goal of the Singapore life insurers, according to comments of the profile association, is the uninterrupted provision of services in the field of insurance, healthcare and finance. “We are closely cooperating with the government authorities to constantly analyze the situation and support national initiatives,” said Khor Hock Seng, the President of the Insurance Association of Singapore.

The Hong Kong financial regulator has earlier reported annual growth of the financial and insurance sectors by 0.7% and 1.4%, respectively.

Source: https://www.ukrstrahovanie.com.ua/news/vopreki-pandemii-strahovshhiki-zhizni-singapura-narastili-premialnyj-dohod

Photos are from open sources.

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