Most people have the impression that motor insurance is unprofitable for the insurance companies in Singapore. This is not the case.
The eight companies show a total profit of $91.7 million for 2021. The average for the three years is $90.3 million.
https://fisca.sg/ArticleDisplay.aspx?ID=1242
ReplyDeleteA retired insurance agent, now in his mid 70's, about to receive anesthesia is on the operating table awaiting surgery. He insisted that his son, a renowned surgeon should only perform the operation.
The old man signalled to speak to his son. "Yes, Dad, what is it?" asked the son.
"Don´t be jittery son, perform your best, and never forget that if it fails, if something should happen to me, your mother will live with you and your wife the rest of her days."