McKinsey quote of the day

“Singapore is definitely emerging as a magnet for the wealth space, with a lot of flows going into Singapore. On the insurance side, we have yet to see that emerge, and there are many factors at play. I would say that as this protection space expands to life, health, and wealth protection, this is an area in which Singapore could play a dominant regional role.”

McKinsey partner Sumit Popli on Singapore’s role as the new financial-services hub in a recent episode of McKinsey on Insurance

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