Industry Performance

Total new business premiums (weighted*) decreased by 36% to $499 million in the first half of 2002, from $777 million in the same period last year. On a quarter-on-quarter basis, the drop was 8% in Q2 of 2002.

New Business Sales in Absolute Terms

In absolute terms, total premiums amounted $3,264 million, a drop of 47% from $6,203 million in the first half of last year, seen mainly in the 49% decrease in Single Premiums from $6,020 million to $3,060 million. However, Annual...

-- Published 08 August 2002 --

Total new business premiums (weighted*) for the first quarter of 2002 registered a drop of 38% to $260 million, when compared with the first quarter of 2001. On a quarter-on-quarter basis, there was a small growth of 3% compared with the preceding quarter with $252 million.

New Business Sales in Absolute Terms

In absolute terms, total premiums totalled $1,774 million, a drop of almost 50% from $3,481 million in the first quarter last year. Annual and Limited Premiums...

-- Published 06 May 2002 --

Total new business premiums (weighted*) for the whole year of 2001 registered an increase of 53% to $1,286 million, up from $838 million in 2000. On a quarter-on-quarter basis, the growth in new business slowed down to 4.5% in Quarter 4, from the record highs of 152% in Quarter 1 and 70% in Quarter 2 and a slower growth of 16% in Quarter 3.

Actual New Business Sales in Absolute Terms Single Premium

In absolute terms, single premium sales totaled $8,996...

-- Published 08 February 2002 --

The growth in total new business premiums (weighted*) slowed down to 16% in Quarter 3, from record growths of 152% in Quarter 1 and 70% in Quarter 2. However, because of the robust growth in the first half of the year, total new business premiums for the year up to September 2001 still managed to register an increase of 73% to $1,034 million, up from $597 million in the corresponding period last year

Actual New Business Sales

Single Premium...

-- Published 16 November 2001 --
Single Premium Sales Increased Three-fold

In the first half of this year, total new business premiums (weighted*) more than doubled to $777 million, up from $377 million in the first half of last year. The increase was primarily due to the liberalization of the use of CPF members’ Ordinary and Special Accounts since the beginning of this year.

Actual New Business Sales

Single Premium

In absolute terms, single premium sales totaled $6,020 million in the first half of this year, an increase of...

-- Published 14 August 2001 --
CPF Funds Provide Mainstay for Growth

In the first quarter of this year, total new business premiums (weighted*) jumped significantly by 152% to $422 million, up from $167 million in the first quarter of last year. The increase was primarily due to the liberalization of the use of CPF members' Ordinary and Special Accounts since the beginning of this year.

Actual New Business Sales

Single Premium

A record of $3,395 million of new business single premium sales was registered for the first quarter of 2001...

-- Published 10 May 2001 --