Chart from LIA Singapore.

Chart of the day: New business premiums of life and health drops 8.2% YoY in June

New business premiums totalled $63.4b in June this year.

This chart from the Life Insurance Association of Singapore shows that new business premiums in the life and health insurance industry dropped by 8.2% to $63.4b in June compared to a year ago.

42.7% of the life and health industry’s new business premiums came from tied representatives. 29.5% came from financial advisors (FA) representatives, 18.8% came from banks, 5.7% came from online direct channels whilst 3.3% from products sold without intermediaries.

Last year, new business premiums reached for life and health insurance totaled $69b.

According to LIA, the life insurance industry contracted by 1.9% in the first half of 2022.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!