Key Insights And Key Risks As of mid-2013, BMI’s view of Singapore’s insurance segment is broadly the same as it was one year ago - or five. In world terms, Singapore ranks as a medium-sized market for insurance that, in spite of being well developed by most metrics, will likely grow quite rapidly during the forecast period. There are essentially three components to the sector. The first is a mature domestic non-life business – the Singapore insurance funds – in which premiums are growing at single digit rates. The second is a rapidly developing offshore non-life insurance business. The non-life …
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