Singapore's GI business worth S3.5bn in 2013
Total general insurance gross written premiums in Singapore were S$3.5bn ($2.77bn) last year up 5.4% over 2012 according to the General Insurance Association of Singapore.
While underwriting profit declined by 1.1% to S$285m, the overall loss ratio improved to 53.2% from 53.9% in 2012.
Underwriting profits in motor grew 17.3% to S$59.1m. In 2012, underwriting profit
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