Life insurance business growth remains flat in 2014
Singapore
GROWTH in Singapore's life insurance business stayed flat at S$2.79 billion for the full year as at end-December 2014, compared with the whole of 2013.
This was mainly due to a higher premium base in 2013 - attributable to the re-pricing of Integrated Shield Plans (IPs) and higher policy maturity that year. Insurers typically get policyholders whose policies have matured to re-invest that money, which leads to more rollover of business and a higher premium base.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch