SUBSCRIBERS

Underwriting profit up for general insurance sector

For 2021, the profit of S$262.7 million was despite more claims paid out, says GIA

Tan Nai Lun

Published Fri, Mar 25, 2022 · 05:50 AM

Singapore

THE general insurance sector posted an underwriting profit of S$262.7 million for 2021, compared to an underwriting profit of S$237.3 million in 2020, said the General Insurance Association of Singapore (GIA) on Thursday (Mar 24).

Overall gross written premiums rose 8 per cent on year to S$4.4 billion as of Dec 31, 2021, driven by strong uptake across its top 5 business segments.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes