News Life and Health10 May 2019

Singapore:Life insurance industry grows by 1% in Q1 2019


The Life Insurance Association, Singapore (LIA Singapore) has revealed that the sector recorded a total of S$937.2m ($687.1m) in weighted new business premiums for 1Q2019, marking 1% growth from the same period in 2018. LIA said that this growth is in line with the country's growth outlook for the quarter based on preliminary data released by the Ministry of Manpower (MOM) which reflected a steady labour market.

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