News - Singapore: Lack of pricing discipline sets in again for motor business
Source: Asia Insurance Review | May 2012
While the Singapore motor business registered its first underwriting profit in six years in 2011, the situation remains precarious as stiff competition is setting in again and many insurers are compromising on underwriting and pricing discipline again in pursuit of market share, said Mr Lee Boon Ngiap, Assistant Managing Director, Monetary Authority of Singapore (MAS) at the General Insurance Association of Singapore’s annual luncheon.
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.