Underwriting profit up for general insurance sector
For 2021, the profit of S$262.7 million was despite more claims paid out, says GIA
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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.
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