Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Wednesday, 7 May 2008
Strong Q1 Performance by Singapore Life Insurance
Singapore life insurance industry posted a very strong growth of 52% in Q1 2008.- SP NB sales: $2.755 bil (Q1 2008) vs $1.790 bil (Q1 2007), Growth: 54%
- AP NB sales: $238 mil (Q1 2008) vs $160 mil (Q1 2007), Growth: 48%
Contributions by distribution channel:
- Tied agency: 66%
- Bancassurance: 26%
- Licensed financial advisers: 5%
- Others: 3%
It was not mentioned in LIA's press release what contributed to the strong growth. If you can shed some light, please post your comments below.
Source: LIA
Labels: Life Insurance, Singapore
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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