13 Apr '11, 2pm

[CNA] Prudential S'pore's new business premiums grew 27% over previous year

[CNA] Prudential S'pore's new business premiums grew 27% over previous year

SINGAPORE: Prudential Singapore's new business premiums grew 27 per cent for its financial year 2010 over the previous year. In a statement, the assurance company - a wholly owned subsidiary of UK-based Prudential plc - said it received S$368 million in new business premiums in 2010. Prudential Singapore, now manages over S$8.4 billion in investment-linked life insurance policy (ILP) funds. New business for the assurance provider from partnership distribution increasing by 83 per cent while the tied agency channel's new business grew 13 per cent. Prudential currently has 650,000 policyholders in Singapore.

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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