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Motor-insurance market to grow next year: AIG
It identifies growth in rental vehicles, use of telematics and younger drivers as factors
Add BT as a preferred sourcePublished Wed, Dec 7, 2016 · 09:50 PM
Singapore
THE motor insurance market is expected to grow in the year ahead, given a rising number of rental vehicles, greater use of telematics and the trend of buyers of new cars being younger.
AIG Asia Pacific Insurance said on Wednesday that these trends have emerged at a time of growth in the sharing economy, and that this could lead to a 20 per cent rise in the number of rental vehicles on Singapore roads next year.
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