News - Singapore: Motor Insurance Suffers Largest Quarterly Loss of S$40 Mln in Q307

Source: Asia Insurance Review | Jan 2008

The three distinct factors that contributed to the S$40 million (US$28 million) loss in the third quarter of 2007 for motor results were the rising claims cost, high acquisition costs and underpricing due to fierce competition, said GIA President Derek Teo.

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News - Singapore: Motor Insurance Suffers Largest Quarterly Loss of S$40 Mln in Q307

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