Industry Performance

Industry buoyed by growth in single and regular premium businesses

Total weighted new business premiums* registered a significant increase of 68 per cent to S$424 million in the third quarter of 2005, compared with the previous quarter. It also compared favourably with the corresponding quarter in 2004, marking a 39 per cent growth.

Measured in terms of total business premiums, sales of single premium business recorded a 49 per cent increase over the corresponding figure for the second quarter of 2005. Regular premium sales were 77 per cent higher...

-- Published 15 November 2005 --
Industry buoyed by growth in single and regular premium businesses

Total weighted new business premiums* registered an increase of 17 per cent to S$252 million in the second quarter of 2005 compared with the previous quarter and 11 per cent growth compared to Q2 2004. This was principally due to a strong growth in sales of single premium business which recorded a 29 per cent increase over the corresponding figure for the first quarter of 2005. The overall growth in production was further boosted by buoyant sales of regular premium business. Regular premium...

-- Published 04 August 2005 --

Total weighted new business premiums registered a reduction of 21% to $220 million in the first three months of 2005, compared with the previous quarter and a 17% reduction compared to Q1 2004. This was principally due to a significant reduction in single premium business which were 35% lower than the last quarter of 2004 and 48% lower than Q1 2004. However, sales of regular premium business remained buoyant and recorded a 39% growth on Q1 2004.

Sales were approximately evenly divided...

-- Published 05 May 2005 --

Total new business premiums (weighted*) registered an increase of 16% to $1,076 million in 2004, up from $925 million achieved in the same period last year.

On a quarter to quarter basis, the growth in new business dropped by 8%, from $305 million to $279.6 million during the fourth quarter of 2004.

New Business Sales in Absolute Terms

Including ElderShield

Single Premium: In absolute terms, single premium sales totaled $6,077 million...

-- Published 03 February 2005 --

In the first nine months of this year, total new business premiums (weighted*) registered an increase of 24% to $796 million, up from $642 million achieved in the same period last year.

On a quarter to quarter basis, the growth in new business went up by 35%, from $226.5 million to $305 million during the third quarter of 2004.

New Business Sales in Absolute Terms

Including ElderShield

Single Premium: In absolute terms, single premium...

-- Published 28 October 2004 --

Total new business premiums (weighted*) increased by 27% to $491 million in the first half of 2004, from $387 million in the same period last year. On a quarter-on-quarter basis, there was a drop of 14% from $264.1 million to $226.5 million in the second quarter of 2004.

New Business Sales in Absolute Terms

Including ElderShield

In absolute terms, total premiums amounted to $3,128 million, an increase of 66% from $1,882 million in the first half of last year, due to...

-- Published 10 August 2004 --

Thanks to the strong global recovery, and better investment climate, the local life insurance industry recorded increased business sales for the first quarter of 2004. Total new business premiums (weighted*) increased by 48% to $264 million in the first three months of 2004, from $178 million in the same period last year. On a quarter-on-quarter basis, there was a drop of 7% from $283.4 million to $264.1 million in the first quarter of 2004.

New Business Sales in Absolute Terms...

-- Published 14 May 2004 --

Total new business premiums (weighted*) dropped by 24% to $925 million in 2003, from $1,216 million one year ago. On a quarter-on-quarter basis, there was an increase of 12% to $283.4 million in the fourth quarter of 2003.

New Business Sales in Absolute Terms

Including ElderShield

In absolute terms, total premiums amounted to $5,245 million, a drop of 20% from $6,557 million in 2002. This is due to a decrease of 19% in Single Premiums from $5,909 million to $4,788...

-- Published 13 February 2004 --

Total new business premiums (weighted*) decreased by 12% to $642 million in the third quarter of 2003, from $730 million in the same period last year. On a quarter-on-quarter basis, the increase was 22% in the third quarter of 2003.

New Business Sales in Absolute Terms

Including ElderShield

In absolute terms, total premiums amounted to $3,311 million, a drop of 30% from $4,725 million in the first nine months of last year, seen mainly in the 33% decrease in Single...

-- Published 11 November 2003 --

Total new business premiums (weighted*) decreased by 22% to $387 million in the first half of 2003, from $499 million in the same period last year. On a quarter-on-quarter basis, the increase was 17% in the second quarter of 2003.

New Business Sales in Absolute Terms

Including ElderShield

In absolute terms, total premiums amounted to $1,882 million, a drop of 42% from $3,264 million in the first half of last year, seen mainly in the 46% decrease in Single Premiums...

-- Published 08 August 2003 --