Singapore Insurance Q4 2019
Life sector growth slowed down in 2018, but the sector is set to bounce back with 2019 growth hitting 4.1%. Growth inthe non-life space, dominated by offshore business, will be slightly lower at 2.9%, nearing a market size of USD12bn. Across bothsectors of the industry, insurers are competing for domestic business through innovation, seeking to draw on fintech developmentsand improve the efficiency and availability of distribution channels to facilitate access and provide a more sophisticated service.
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