Chart of the day: One in eight S’poreans to cut back on insurance as costs rises
This is below the APAC average of 14%.
This chart from YouGov shows that only 12% of Singaporeans are saying they would cut down on insurance spending as the cost of living rises.
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Australia has the highest numbers of those who would choose to cut back on insurance. YouGov said that those in Singapore appear slightly less resistant to cost of living increases, with just one in eight looking to cut back on insurance in the wake of higher costs.
In APAC, one in six consumers said they would cut back on insurance policies or premiums (15%), comparable to the global average (also at 15%).