The Pan Island Expressway (PIE), particularly eastbound near Adam Road, is identified as the most dangerous spot for motorists in Singapore, according to a data tool developed by life insurer AXA Singapore. This consolidates claims to map out accident hotspots in the country, a part of a push to use more data to help insurers better connect with customers.
Singapore Business Review’s annual survey of the insurance sector revealed the total assets of the 50 largest insurance providers in 2019 equalled $217b, a 6.47% dip from last year’s $232b. The top five largest insurers went unchanged. Great Eastern Life Assurance maintained its hold on the top spot with $51b in total assets, up from $49b in 2018. AIA Singapore ended up in second place with a 2.27% decrease in total assets from $44b to $43b. Prudential Assurance Co. Singapore placed third with $38b in total assets. NTUC Income Insurance Co-operative Limited finished fourth with $35b in total assets, and Manulife Singapore rounded up the top five with $11b in total assets, a 22% increase from $9b last year.
This story is from the January-March 2020 edition of Singapore Business Review.
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This story is from the January-March 2020 edition of Singapore Business Review.
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