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  • Singapore: general insurance sector achieves stable growth, more claims paid out in 2019

    The General Insurance Association of Singapore (GIA) announced that the sector achieved stable growth with 7.6% annual growth in gross written premiums, totalling S$4.10 billion as at 31 December 2019. The sector paid out 12.2%, or S$159 million, more in insurance claims in 2019, which contributed to the sector recording an underwriting loss of S$28 million.

    Date : 25 Mar 2020