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S'pore motor insurance premiums to remain stable despite more claims: Experts
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Motor insurance gross written premiums fell 24 per cent to $280 million in the first quarter compared with Q1 2021.
PHOTO: ST FILE
SINGAPORE - Motor insurance claims are expected to rise now that more cars are hitting the road, but premiums will remain stable over the coming months despite inflation hitting a 10-year high in March, say industry experts.
Motor insurance gross written premiums fell 24 per cent to $280 million in the first quarter compared with the same period last year, noted General Insurance Association (GIA) statistics seen by The Straits Times.
