Upbeat forecast lends hope of better returns for insurers
Swiss Re says global economy is in a "cyclical upswing", which would support growth of insurance industry in 2018 and 2019
Singapore
LIFE insurers here will be keeping their fingers crossed that the current robust investment climate extends into 2018 in order to generate better returns for their participating or Par funds, following what economists described as a "Goldilocks" (moderate growth and low inflation) 2017 and a bull market in 2016.
The financial markets this year have been buoyed by global growth that was led by stronger than expected demand across China and G3 (United States, Japan and the eurozone), little inflation, and rising asset markets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hugo Boss profit tops expectations, but China lags
DBS customers unable to login to Digibank, PayLah! on Thursday
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Asia markets mixed after Fed leaves rates unchanged; STI rises 0.1%
Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%
Universal Music Group reaches new licensing agreement with TikTok