Too many insurance products and too much competition.
The insurance market is over saturated.
There are too many insurance agents.
Is insurance a sunset industry?
Common questions and statements whenever people talk about the insurance industry in Singapore.
So is insurance a sunset industry?
Not according to the latest statistics released by the Life Insurance Association of Singapore.
Showing posts with label Results. Show all posts
Showing posts with label Results. Show all posts
Tuesday, February 21, 2012
Monday, November 14, 2011
What insurance products are popular in Singapore?
There are different insurance plans to suit different people and their needs. The Life Insurance Association of Singapore (LIA Singapore) has released Singapore's life insurance industry results from January to September 2011.
Here's a look at the breakdown of the different types of insurance products sold:
From January to September this year, the total weighted new business premiums (life insurance and health insurance) registered $1,464 million.
Out of this,$783 million (54%) of the insurance products sold were participating policies; $326 million (22%) were investment-linked insurance plans; and $355 million (24%) were non-participating insurance policies.
Here's a look at the breakdown of the different types of insurance products sold:
From January to September this year, the total weighted new business premiums (life insurance and health insurance) registered $1,464 million.
Out of this,$783 million (54%) of the insurance products sold were participating policies; $326 million (22%) were investment-linked insurance plans; and $355 million (24%) were non-participating insurance policies.
Friday, August 5, 2011
Insurance distribution channels in Singapore
Wonder how much insurance business is generated by the different distribution channels in Singapore?
The breakdown of new business by tied insurance agents, sold through banks (bancassurance) or Financial Advisers (FAs)?
Here's the results from the first six months of 2011, released by the Life Insurance Association of Singapore.
The breakdown of new business by tied insurance agents, sold through banks (bancassurance) or Financial Advisers (FAs)?
Here's the results from the first six months of 2011, released by the Life Insurance Association of Singapore.
Sunday, May 15, 2011
Singapore Life Insurance Industry Results for First Quarter 2011
Results released by Life Insurance Association of Singapore showed that
Singapore's life insurance industry has reported a 45% rise in weighted new business premiums to S$460 million for the first quarter of this year, from the same period a year ago, thanks to increased consumer confidence. Sales were brisk across all insurance products.
In a statement, the Life Insurance Association says that the industry posted $294 million in weighted regular premium sales during the three-month period, up by 35% from a year ago. Single premium sales surged by 65% to
Singapore's life insurance industry has reported a 45% rise in weighted new business premiums to S$460 million for the first quarter of this year, from the same period a year ago, thanks to increased consumer confidence. Sales were brisk across all insurance products.
In a statement, the Life Insurance Association says that the industry posted $294 million in weighted regular premium sales during the three-month period, up by 35% from a year ago. Single premium sales surged by 65% to
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