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Feb 2025

Country Profile - Singapore: Singapore Non-Life Sector Plagued by "Disastrous" Motor Results

Source: Asia Insurance Review | May 2008

On the back of a challenging year when the motor segment suffered a staggering loss of S$103.2 million from a profit of S$46.3 million just two years ago, the general insurance sector is bracing itself for tough times ahead. as President of the General Insurance Association (GIA) Singapore speaks on how the industry will confront the issues responsibly and robustly.

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