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Singapore is 2nd largest market for credit and political risk insurance in the world

Source: Asia Insurance Review | Jun 2014

Singapore is now the second largest market worldwide for credit and political risk insurance covers, after London. Premiums for the insurance held with Singapore-registered insurers have increased about 10.4% per year since 2008 to reach S$120.4 million (US$95.8 million) in 2013, according to the Monetary Authority of Singapore.

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