Single premiums boost Singapore insurance growth for Q4

Singapore

WITH the life insurance industry in Singapore growing in all aspects in the fourth quarter last year, the Life Insurance Association Singapore (LIA Singapore) is looking into bringing member companies together to create one seamless platform for policy holders to submit claims more easily.

On Friday, Patrick Teow, president of LIA Singapore, told The Business Times that the association is exploring the digital front and is planning to hold a workshop with companies, including AIA Singapore and Aviva, to brainstorm the issues impacting the industry and how to move forward.