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Insurance premiums rising for Singapore businesses on Covid-19 risk aversion: Aon

In some cases, new terms and conditions are being required to renew coverage.. Read more at straitstimes.com.

New shorter-term and micro-insurance products enter Singapore to combat increased risk aversion: Aon Global Market Insights Report | Taiwan News

2021/03/03 19:00 - Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has released its Q4 2020 Global Market Insights Report, which indicates increased insurance pricing across most business lines globally. In Singapore, the reopening of businesses and optimism over the vaccination programme has boosted investor confidence and an economic rebound is expected in 2021. Besides pricing increases, the Singapore insurance market is moderately challenged when compared to the global market. Aon s report finds that more than capital and capacity, macro factors and events such as supply chain vulnerability, lower investment yields, ongoing economic uncertainty, social inflation and weather volatility will drive risk complexity in 2021.