Economic growth to support Singapore’s insurance sector, says GlobalData

Singapore’s general insurance industry is expected to grow at a compound annual growth rate (CAGR) of 5.0%, from SGDb4.4bn ($3.2bn) in 2020 to SGD5.6bn ($4.2bn) in 2025, in terms of gross written premium (GWP), according to forecasts from analytics firm GlobalData.

Manogna Vangari, insurance anal...

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