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Annual premiums drive Q4 insurance growth

During the quarter, total weighted new business sales rose 15 per cent year on year to S$955 million

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LIA president Khoo Kah Siang cited two key areas of focus for the industry for the year ahead: keeping a lid on rising healthcare costs and looking at issues surrounding digitalisation.

Singapore

SINGAPORE'S life insurance industry reported growth on all fronts in the fourth quarter of last year, as insurers turned their focus towards narrowing the protection and retirement gap, which in turn drove sales up.

For the three months to end-December, total weighted new

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