Still room for growth in Singapore, says Prudential Corp Asia chief

PRUDENTIAL in Singapore plans to expand its presence in the group insurance and the high net worth client segments.

Nic Nicandrou, Prudential Corporation Asia chief executive, said that there are still opportunities for growth in Singapore, even though insurance penetration is relatively high compared to the rest of Asia.

Prudential's new business premiums in Singapore rose 23 per cent over the six months to June, compared to industry growth of 10 per cent.