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Covid-19 to dampen global insurance market in 2020, but Asia to pick up steam more quickly: Allianz

Singapore's insurance market is expected to shrink by 3.4 per cent this year, after a growth of 3.1 per cent in 2017 and 2.9 per cent in 2019.


THE impact of Covid-19 on the global insurance market is expected to be three times worse than the impact of the global financial crisis of 2008, according to Allianz in its latest global insurance report.

Premium income is expected to shrink by 3.8 per cent globally in...

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