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Weighted new business premiums dip to $1.21 billion in the first quarter from $1.23 billion in the year-ago period. . Read more at straitstimes.com. ....
Integrated Shield Plans to cover hospitalisation for COVID-19 vaccines brought in under special access route channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
The Straits Times Singapore s life insurance industry sees new sales surge 29% in Q1 to $1.25 billion New policies bought online grew to 88,565 in the first quarter of 2021 compared with just 4,662 the year before.PHOTO: ST FILE Michelle Zhu https://str.sg/JtCw They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. ....
SINGAPORE (THE BUSINESS TIMES) - Great Eastern Holdings on Tuesday (Feb 23) reported a 19 per cent increase in net profit to $341.3 million for the fourth quarter ended Dec 31, 2020, from $287 million a year ago. The increase was mainly due to a one-off positive tax impact arising from the finalisation of prior years tax assessments, said the insurance arm of OCBC in its results filing. Operating profit for Q4 fell 56 per cent year on year to $76.5 million for Q4 from $173.2 million, due to provision for higher expected future insurance claims. Non-operating profit slipped 25 per cent to $47.6 million from $63.7 million in the corresponding year despite partial recovery from mark-to-market losses from unfavourable market conditions in Q1 of 2020. ....