News : Singapore: Strong Q1 Results but Uncertainty Remains for Life Insurance
Source: Asia Insurance Review | Jun 2008
The life insurance industry recorded a 53% growth in total premium sales for Q1, amounting to S$2.99 billion (US$2.19 billion), compared to Q1 of 2007 following a last-minute surge by consumers to benefit from CPF changes earlier this month. Mr Mark O’Dell, President of the Life Insurance Association (LIA), said this growth momentum is unlikely to be sustained quarter-on-quarter, due to several external factors.
Archived articles are available to Magazine subscribers only.
For Full Access to
the magazine
SUBSCRIBE here.