The general insurance industry of Singapore grew weakly in 2017, posting a 0.8% increase in gross premiums to SG$3.68 billion.
The motor insurance segment, which makes up almost a third of the general insurance market, saw gross premiums decrease by 3.3% to SG$1.1 billion. Meanwhile, the health insurance segment incurred a SG$28 million loss, in a continuation of the downward trend seen since 2016.
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