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Singapore life insurance sector weakens in Q3

Weighted new business premiums for the three months ended September down 6% at S$705.4m; decline due to 18% fall in weighted annual premiums

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Dr Khoo says that Q3 results are due to normalisation after strong growth in the same quarter last year.

Singapore

SINGAPORE's life insurance industry weakened in the third quarter this year, as weighted new business premiums for the three months ended September fell 6 per cent to S$705.4 million from a year ago. The decline was attributable to an 18 per cent fall in weighted annual premiums

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