Eagle Star expects 25pc rise in premiums

Eagle Star Insurance recorded 10 per cent premium growth last year, taking its business in the SAR to $1.93 billion, the insurer said.

The insurance company, part of the Swiss-based Zurich Financial Services Group, said it received $226 million in new life premiums last year.

Danny Chan, insurance director for Eagle Star Life, said new life premiums this year would hit $395 million, up 25 per cent on last year.

He said Eagle Star would implement a self-licensing system for its agents, in a bid to ensure they were qualified to sell Mandatory Provident Fund products.