Three listed insurers in Singapore outperform MSCI world index

Great Eastern's earnings for the first quarter rose due mainly to higher profits from the Singapore insurance business offsetting losses from changes in the fair value of investments arising from unfavourable market conditions. PHOTO: ST FILE
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However, earnings at United Overseas Insurance fell 35.5 per cent to $4.5 million based on a new basis of preparation of accounts. Based on the previous basis, there would also have been a decline.

A recent report by professional services firm PwC noted that a strong regulatory environment and the entry of a number of global companies and brokers have seen Singapore established as a key regional centre for insurance and reinsurance.

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A version of this article appeared in the print edition of The Straits Times on May 28, 2018, with the headline Three listed insurers in Singapore outperform MSCI world index. Subscribe