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Motor insurers in S’pore return to black as road accidents taper during lockdown

SINGAPORE – Pandemic lockdown measures helped motor insurers return to profitability last year, as traffic accident numbers fell. In a statement on Thursday (March 18), the General Insurance Association of Singapore (GIA) said the motor insurance segment posted a 0.7 per cent increase in gross written premiums to $1.13 billion, and an underwriting profit of... » read more