In 2020, Singapore entered its deepest recession on record, with the local economy shrinking over 5%. Business Uncertainty was at a high as many industries were brought to their knees due to border restrictions and safe management measures - including the nearly two month-long Circuit Breaker - due to COVID-19.

This was the business landscape EQ Insurance (EQI) was working in during 2020. Nevertheless, we turned in a stable gross written premium (GWP) of S$49.1 million, which was 5% lower than the preceding year.

Please click here to view the 2020 Annual Publication and here for the audited 2020 Financial Statements