Singapore: Financial claims against life insurers rise in 2023, arbiter reports

People sit on the steps near the Merlion statue near the Marina Bay waterfront in Singapore on January 3, 2024. (Photo by Roslan RAHMAN / AFP)

SINGAPORE: Complaints against insurance firms shot up in 2023 while those concerning financial advisers fell.

Life insurers were the subject of 51 market conduct-related claims, as such complaints are termed, in 2023, up 38% from 2022.