Industry Performance

Total weighted new business premiums* in the first three months of 2006 were $299 million, 38 per cent higher than recorded in the corresponding quarter in 2005.

This growth is due to single premium sales which reached $1,734 million – the highest figure recorded for any quarter since the third quarter of 2004. Figures for the quarter have been boosted by the inclusion of premiums due to bonus sum assured declared by the Central Provident Fund Board under the privatized Dependants’...

-- Published 04 May 2006 --

Total weighted new business premiums* registered a significant increase of 19 percent to S$1,284 million in 2005 from S$1,076 million achieved in 2004.

Sales of single premium business reached S$1,635.2 million in Q4 of 2005 -19 percent more than in the corresponding figure for Q4 of 2004. The CPF sector accounted for 58 percent ($955 million) of single premium sales.

Over the same period regular premium sales amounted S$208.5 million, registering a remarkable increase of 43...

-- Published 02 February 2006 --
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 --