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Singapore market drags down Aviva Asia's value of new business

British insurer attributes weaker H1 performance here to the end of bancassurance tie-up with DBS

Singapore

INSURER Aviva Asia has reported a 23 per cent year-on-year fall in value of new business (VNB), a measure of the expected profits from new premiums written, in the first six months of 2016. For the first half of the year ended June 30, VNB for Asia dropped to £61 million (S$108