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THE insurance industry is expected to perform better this year compared with 2002, according to industry players. Last year, the life and general business recorded premium growth of 16.2% and 10.9% respectively.
FALLING stock markets, a legacy of over-investment in equities and underwriting practices are taking a toll on many of the giant insurance companies in Europe. For local players, the message coming from the far reaches is clear #8211; change or run the risk of losing out.
The operator of the local bourse, Hong Kong Exchanges and Clearing Ltd (HKEx), has reported a sharper-than-expected 20% drop in earnings for 2002 as slumping equities took their toll on trading and investment income, and warned that the outlook remained weak.
Arresting the declining dividend rate BizWeek will run a series of articles, written by EPF's investment division, every fortnight. With funds exceeding RM190 billion, the keeper of the people's money is keen to tell its story on many pertinent issues related to investments.