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The publisher has been monitoring the life annuity insurance market in Singapore and it is poised to grow by $570.00 mn during 2022-2026, progressing at a CAGR of 3.22% during the forecast period. The report on the life annuity insurance market in Singapore provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for insurance policies and increasing government regulations on mandatory insurance coverages.
The life annuity insurance market in Singapore analysis includes distribution channel and type segments.
The life annuity insurance market in Singapore is segmented as below:
By Distribution Channel
- Online
- Offline
By Type
- Life (Risk Premium)
- Life (Coinsurance)
- Accident and health
- Disability income
- Others
This study identifies the growing hospital insurance programs as one of the prime reasons driving the life annuity insurance market growth in Singapore during the next few years.
The report on life annuity insurance market in Singapore covers the following areas:
- Life annuity insurance market sizing
- Life annuity insurance market forecast
- Life annuity insurance market industry analysis
The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading life annuity insurance market in Singapore vendors that include Allianz Group, AXA Group, Berkshire Hathaway Inc., China Life Insurance (Singapore) Pte. Ltd, China Taiping Insurance Holdings Co. Ltd., Generali Group, HSBC Holdings Plc, Legal and General Group PLC, Munich Reinsurance Co., and Prudential Financial Inc. Also, the life annuity insurance market in Singapore analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Distribution Channel
- Market segments
- Comparison by Distribution Channel
- Offline - Market size and forecast 2021-2026
- Online - Market size and forecast 2021-2026
- Market opportunity by Distribution channel
Market Segmentation by Type
- Market segments
- Comparison by Type
- Life (Risk Premium) - Market size and forecast 2021-2026
- Life (Coinsurance) - Market size and forecast 2021-2026
- Accident and health - Market size and forecast 2021-2026
- Disability income - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
- Overview
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Competitive landscape
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Allianz Group
- AXA Group
- Berkshire Hathaway Inc.
- China Life Insurance (Singapore) Pte. Ltd
- China Taiping Insurance Holdings Co. Ltd.
- Generali Group
- HSBC Holdings Plc
- Legal and General Group PLC
- Munich Reinsurance Co.
- Prudential Financial Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research Methodology
- List of abbreviations
List of Exhibits
- Key Finding 1
- Key Finding 2
- Key Finding 5
- Key Finding 6
- Key Finding 7
- Parent market
- Market characteristics
- Offerings of vendors included in the market definition
- Market segments
- Global - Market size and forecast 2021 - 2026 ($ million)
- Global market: Year-over-year growth 2021 - 2026 (%)
- Five forces analysis 2021 & 2026
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition - Five forces 2021
- Distribution channel - Market share 2021-2026 (%)
- Comparison by Distribution channel
- Offline - Market size and forecast 2021-2026 ($ million)
- Offline - Year-over-year growth 2021-2026 (%)
- Online - Market size and forecast 2021-2026 ($ million)
- Online - Year-over-year growth 2021-2026 (%)
- Market opportunity by Distribution channel
- Type - Market share 2021-2026 (%)
- Comparison by Type
- Life (Risk Premium) - Market size and forecast 2021-2026 ($ million)
- Life (Risk Premium) - Year-over-year growth 2021-2026 (%)
- Life (Coinsurance) - Market size and forecast 2021-2026 ($ million)
- Life (Coinsurance) - Year-over-year growth 2021-2026 (%)
- Accident and health - Market size and forecast 2021-2026 ($ million)
- Accident and health - Year-over-year growth 2021-2026 (%)
- Disablility income - Market size and forecast 2021-2026 ($ million)
- Disablility income - Year-over-year growth 2021-2026 (%)
- Others - Market size and forecast 2021-2026 ($ million)
- Others - Year-over-year growth 2021-2026 (%)
- Market opportunity by Type
- Customer landscape
- Impact of drivers and challenges
- Vendor landscape
- Landscape disruption
- Industry risks
- Vendors covered
- Market positioning of vendors
- Allianz Group - Overview
- Allianz Group - Business segments
- Allianz Group - Key offerings
- Allianz Group - Key customers
- Allianz Group - Segment focus
- AXA Group - Overview
- AXA Group - Business segments
- AXA Group - Key offerings
- AXA Group - Key customers
- AXA Group - Segment focus
- Berkshire Hathaway Inc. - Overview
- Berkshire Hathaway Inc. - Business segments
- Berkshire Hathaway Inc. - Key offerings
- Berkshire Hathaway Inc. - Key customers
- Berkshire Hathaway Inc. - Segment focus
- China Life Insurance (Singapore) Pte. Ltd - Overview
- China Life Insurance (Singapore) Pte. Ltd - Product and service
- China Life Insurance (Singapore) Pte. Ltd - Key offerings
- China Life Insurance (Singapore) Pte. Ltd - Key customers
- China Life Insurance (Singapore) Pte. Ltd - Segment focus
- China Taiping Insurance Holdings Co. Ltd. - Overview
- China Taiping Insurance Holdings Co. Ltd. - Business segments
- China Taiping Insurance Holdings Co. Ltd. - Key offerings
- China Taiping Insurance Holdings Co. Ltd. - Key customers
- China Taiping Insurance Holdings Co. Ltd. - Segment focus
- Generali Group - Overview
- Generali Group - Business segments
- Generali Group - Key offerings
- Generali Group - Key customers
- Generali Group - Segment focus
- HSBC Holdings Plc - Overview
- HSBC Holdings Plc - Business segments
- HSBC Holdings Plc - Key offerings
- HSBC Holdings Plc - Key customers
- HSBC Holdings Plc - Segment focus
- Legal and General Group PLC - Overview
- Legal and General Group PLC - Business segments
- Legal and General Group PLC - Key offerings
- Legal and General Group PLC - Key customers
- Legal and General Group PLC - Segment focus
- Munich Reinsurance Co. - Overview
- Munich Reinsurance Co. - Business segments
- Munich Reinsurance Co. - Key offerings
- Munich Reinsurance Co. - Key customers
- Munich Reinsurance Co. - Segment focus
- Prudential Financial Inc. - Overview
- Prudential Financial Inc. - Business segments
- Prudential Financial Inc. - Key offerings
- Prudential Financial Inc. - Key customers
- Prudential Financial Inc. - Segment focus
- Currency conversion rates for US$
- Research Methodology
- Validation techniques employed for market sizing
- Information sources
- List of abbreviations
Executive Summary
The publisher recognizes the following companies as the key players in the life annuity insurance market in Singapore: Allianz Group, AXA Group, Berkshire Hathaway Inc., China Life Insurance (Singapore) Pte. Ltd, China Taiping Insurance Holdings Co. Ltd., Generali Group, HSBC Holdings Plc, Legal and General Group PLC, Munich Reinsurance Co., and Prudential Financial Inc.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growing hospital insurance programs.'
According to the report, one of the major drivers for this market is the increasing demand for insurance policies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Allianz Group
- AXA Group
- Berkshire Hathaway Inc.
- China Life Insurance (Singapore) Pte. Ltd
- China Taiping Insurance Holdings Co. Ltd.
- Generali Group
- HSBC Holdings Plc
- Legal and General Group PLC
- Munich Reinsurance Co.
- Prudential Financial Inc.
