August 7, 2016 / 6:41 PM / a year ago

BRIEF-ABI-Average premium paid in Q2 of 2016 was 434 stg,up 5 stg on previous quarter

Aug 7 (Reuters) - ABI:

* Average premium paid in q2 of 2016 was 434 stg, up 5 stg on the previous quarter

* Average price paid for private comprehensive motor insurance in q2 2016 rose slightly by 1 percent q-o-q, up 10 percent y-o-y

* Ongoing pressure on premiums driven by increases in insurance premium tax and the rising costs of personal injury claims (Bengaluru Newsroom)

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