179 views
Stock photo. Credits to Unsplash.

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.

ALSO READ: Singaporean's use of credit cards for cross-border shopping declines by 11%

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%). 
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!