Keen competition keeping S'pore motor premiums steady
New players have entered the market. The GIA advises underwriting prudence and careful claims handling
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Singapore
GOOD news for motorists - insurance premiums will stay flat this year as competition continues to be keen.
The General Insurance Association of Singapore (GIA) said that, despite last year's industry predictions that premiums had bottomed out, "a notable feature in the motor insurance industry in 2016 was the entry of new market players".
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