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Financial advisory fuels Aviva's Singapore growth

Aviva Singapore posts 57% rise in annual premium equivalent for life business for first half of 2017

Published Thu, Aug 3, 2017 · 09:50 PM
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Singapore

COMPOSITE insurer Aviva Singapore on Thursday posted a 57 per cent year-on-year rise in annual premium equivalent (APE) or a measure of sales for its life business to S$90.5 million for the first six months of 2017, driven by its financial advisory (FA) arm and direct sales or affinity channel.

Value of new business (VNB), a measure of the expected profits from new premiums written, grew 14 per cent to S$77.1 million for the six months ended June 30.

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