Singapore Insurance Q2 2020
Both Singapore’s life and non-life insurance markets will feel the impact of a challenging macroeconomic climate in themedium term, with premium growth across both sectors set to be steady but subdued. We expect digital products and newdistribution channels to remain a key focus of providers, as they look to provide customers with flexibility. Meanwhile, the agreementof phase one in the trade dispute between the US and China could see the economic landscape in Singapore start to improve, andas a result, return the life and non-life sectors to more robust levels of market expansion.
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