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Keen competition keeping S'pore motor premiums steady

New players have entered the market. The GIA advises underwriting prudence and careful claims handling

Published Tue, Mar 21, 2017 · 09:50 PM

Singapore

GOOD news for motorists - insurance premiums will stay flat this year as competition continues to be keen.

The General Insurance Association of Singapore (GIA) said that, despite last year's industry predictions that premiums had bottomed out, "a notable feature in the motor insurance industry in 2016 was the entry of new market players".

"This is good as it offers motorists more options,"…

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Keen competition keeping S'pore motor premiums steady

Transport & Logistics

GM CEO Barra compensation fell 4% in 2023 to US$27.8 million

Boeing reports first revenue drop in 7 quarters as deliveries decline

Volkswagen to keep China market share stable as price war rages

COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill

Tesla profits tumble but shares rise on new vehicle plan

Volvo Cars see good demand this year after higher Q1 unit sales

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